Subprime Refinance Threatens Loss of Retired Pittsburgh-Area Couple's Home

KDKA-TV Channel 2 in Pittsburgh, Pennsylvania reports of a local elderly couple, in need of money for medical bills and rising debts, who were put into a subprime loan that now threatens the loss of their home of 27 years. According to the victim, the loan was represented as having a fixed rate, only to change right before closing, and he felt pressured to sign the new paperwork under duress. An inflated appraisal may have also been involved. For more, see McKees Rocks Man On Verge Of Losing His Home.

Go here to watch Channel 2 Video report, (then, click Play) by investigative reporter Andy Sheehan.
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