Scores Of Consumer Lawsuits Flowing Thru Court Systems Throughout Country

Inter Press Service reports:

• Many of the biggest mortgage lenders in the U.S. have engaged in widespread, systematic schemes that ripped off hundreds of thousands of families seeking to buy a home, refinance or foreclose, according to lawsuits filed on behalf of consumers. Scores of class-action lawsuits, from the 1990s and up to today, detail the illegal and questionable practices used by mortgage-lending companies that pushed millions into bad mortgages, then into bad refinancing loans and then into foreclosures with unfair fees. The lawsuits have been filed by private attorneys and state attorneys general, and on behalf of NGOs.

For more, see Homeowner Rip-Offs Spark Scores of Lawsuits.