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Home / IA: State Lawmakers Wrestle With Abusive LendingIA: State Lawmakers Wrestle With Abusive Lending
Last Updated on Monday, 14 January 2008 12:06 Written by rslcpol Monday, 14 January 2008 10:59
More and more fuel for the national mortgage foreclosure crisis story…
In the three months since Iowa Attorney General Tom Miller launched a foreclosure hotline, nearly 6,000 Iowans have called for help.
The calls come to the Iowa Mediation Service, which Miller hopes will be able to negotiate with lenders to help borrowers keep their homes. “We’re trying to do it on a mass basis,” Miller says.
Foreclosure rates for homes purchased using non-standard, high-interest loans have reached historic highs in Iowa and around the USA.
This entry was posted on Monday, January 14th, 2008 at 10:59 am and is filed under Attorney General News, State Legislature News.
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