Home | Business News | Browse by Publication | T | Trial

Beyond borrowers.

Publication: Trial
Publication Date: 01-MAY-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Beyond borrowers.(predatory lending)

Article Excerpt
Municipalities themselves have sued lenders and related companies, saying they have lost money protecting or demolishing foreclosed homes and through lost tax revenue. Baltimore has sued Wells Fargo Bank for predatory lending in black neighborhoods. Cleveland has sued 21 Wall Street banks under state public-nuisance law for funding the lenders who engaged in predatory lending.

The complexity of mortgage securitization--determining which company is doing what--makes things difficult for plaintiffs, Kramer said, because "no one's taking personal responsibility."

A former...

Access Full Article, Compliments of Goliath



More articles from Trial
Arbitration clause in subprime loan contract declared unconscionable.(..., May 01, 2008
Making the trauma negligence case: emergency care facilities are chron..., May 01, 2008
Doctor, heal thy care: it's become a truism of American health care th..., May 01, 2008
When the sick get sicker in the hospital: people go to the hospital to..., May 01, 2008
The injustice of health courts: promoted by tort 'reformers' to adjudi..., May 01, 2008

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.