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Lawsuits Against Lenders Accelerate Amid U.S. Housing Crisis

National News • May 27, 2008
The U.S. housing crisis has caused huge loan losses at big lenders but also spawned a slew of class-action lawsuits against them, many alleging noncompliance with consumer disclosure rules. "The ...

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Subject: RE: Lenders should be sued, but for negligence

Posted On: May 27, 2008, 1:37 pm CDT
Posted By: Terrie
Comment:
Honestly, I think the Lenders ought to be sued. Their greed and negligence led to this crisis. They tempted and lured people hwo otherwise would not be able to buy a home, into buying a home with a lousy loan and allowing them to lie about their income. this caused low income people to get $500K homes and then foreclose once the rates went up... putting innocent peoples equity in jeopardy.

I bought a home in good faith that it was a good solid investment. And I am very angry that the banks went and did what they did, and it feels like they walked in a ripped me off. The lenders bad decisions cost me a lot of money. They had to know this was going to happen, baby boomers predicted it.
Subject Posted By Posted On
RE:World Saving and Wachovia Dixie West
Mar 15, 2009, 12:21 pm
RE: RE: Responsibility MORTGAGE EDUCATION
May 29, 2008, 1:03 pm
RE: Responsibility You can sleep at night
May 27, 2008, 6:21 pm
Responsibility Been There... Done that
May 27, 2008, 4:06 pm
RE: Maybe the government should bail them all out Freedom for all the slaves
May 27, 2008, 2:47 pm
Maybe the government should bail them all out Liberal
May 27, 2008, 2:27 pm
RE: RE: Lenders should be sued, but for negligence lastbat
May 27, 2008, 2:23 pm
Double Edged Sword Baxtor
May 27, 2008, 2:23 pm
RE: Lenders should be sued, but for negligence Terrie
May 27, 2008, 1:37 pm
RE: Lenders? Who'd a thunk it?
May 27, 2008, 1:34 pm
Lenders? Gill Fin
May 27, 2008, 10:36 am
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