[Post updated related to COVID-19 forbearances] We like rooting for the underdog. Particularly when the underdog has no lawyer and takes on the Federal Home Loan Mortgage Company (“Freddie Mac”). Freddie Mac is a government sponsored enterprise with over $2 trillion in assets. They certainly can afford great lawyers and take on small homeowners who dare […]
NJ Court Refuses To Enforce Loan Provision Prohibiting Borrower From Suing
by Brian Mahany I thought I had seen everything until I read a story about Investor’s Saving Bank. If you haven’t figured out why juries dislike lenders and are awarding large judgments against banks, read on. A New Jersey company sought mortgage funding from Investors Savings. At the closing, Investors only provided half the funding. […]
D-Day and the Battle Against the Mortgage Industry
by Joe Bird, Esq. My father served in WWII. He landed on the beaches of Normandy, D-Day plus 12. He was a member of the demolition and engineering section of his Division. A corporal who volunteered when he was rejected by the Air Force for a special officer’s training program because of his poor vision. […]