A lot of criticism has been focused on conventional lenders, mortgage
bankers and mortgage brokers due to the vast number of teaser rate and sub-prime
adjustable rate mortgages (ARMs) originated between 2004 and 2006.
With many of those less than desirable mortgages now working their way through
the foreclosure process, unsophisticated and uneducated homeowners are paying
the price. So many in fact, that local community groups, non-profit
organizations, local officials and national politicians have made avoiding or
stopping foreclosures their call to action.
Many efforts have already taken to the streets, to state legislatures and even
to Capitol Hill in an attempt to put a halt to unfair lending practices.
Practices that many industry experts liken to nothing short of mortgage fraud.
Here's some of the latest news articles written about attempts to either avoid
or stop foreclosure in its tracks:
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