Description: Avoid the many unfair and deceptive mortgage lending schemes that are responsible for the current mortgage meltdown.
|| Listen and learn from some of the country's top experts in mortgage fraud, predatory lending, and Truth-in-Lending litigation.
|| You can also have your mortgage documents in front of you and ask detailed questions. ||
Mortgage Fraud is Systemic. ||
Virtually every homeowner in America is a victim of predatory lending. ||
Co3M boldly makes this claim based on the professional experience of auditing mortgage documents daily for compliance with federal and state consumer protection laws. ||
On this talkcast you will learn how to stop being ripped off by predatory lenders, including how Co3M stops foreclosures. ||
This talkcast is being hosted by Co3M: The Community Coalition for The Co-Mitigating Mortgage and Sustainable Economics. ||
Co3M is a full-spectrum mortgage remediation agency and consumer advocacy organization whose mission is protecting homeowners from unfair and deceptive mortgage lending practices, saving homes and creating sustainable, enlightened communities. ||
While a tsunami wave of residential foreclosures is passing through the heart of America, treasury secretary Henry Paulson held an emergency meeting with top leaders recently, speaking with the CEO's of Countrywide (Angelo Mozilo) and CitiGroup Mortgage, senior officers from Wells Fargo, HSCC, and JP Morgan-Chase.
|| Mr. Paulson first words? ||
"This turbulence wasn't precipitated by problems in the real economy; this came about as a result of some bad lending practices." ||
Literally Millions of Families are at Risk!* ||
+ 2.2 million: Approximate number of families who may lose their homes and up to $164 billion of accumulated wealth due to foreclosure. ||
+ 1.2 million: Number of foreclosure filings in 2006. This number is up 42% from 2005. ||
+ 700%: Percentage increase in foreclosures
from 2005 to 2006. ||
+ 20%: Percentage of borrowers surveyed who face foreclosure due to predatory loan terms and multiple refinance. ||
+ 1 in 5: Number of subprime borrowers who could have easily qualified for a lower-cost conventional loan. ||
+ $150K: Financial loss of the typical homeowner
due to predatory mortgage lending. ||
*Conservative estimates from The Center for Responsible Lending.
|| On these Tuesday evening talkcasts you will learn precisely what mortgage rights you have under the
federal and state consumer protection laws, and more importantly, how to navigate through this dangerous period or cycle in the U.S. economy. less
