Kapolei Mortgage Loans and the Predatory Lending Bill
Bill introduced in Congress could affect Kapolei mortgage loans
Predatory is such a concern today that Congress is stepping in. Inman News reports on the predatory lending bill:
In many cases, Hawaii homeowners find themselves in trouble after unscrupolous lenders convince them to switch to predatory Kapolei mortgage loans. John Riggins points out that such a measure, requiring lenders to meet certain standards, and to receive continuing education, is needed. He says:
31 years of working daily in residential sales, the legislation in Congress to
require lenders to become licensed within 2 years and giving the bankruptcy
judge the ability to re-structure the mortgage home loan for owner occupants is
long over due.
For more on Kapolei mortgage loans and to buy a Kapolei home, contact John Riggins.
Related Links
More on the Predatory Lending Bill
Learn more about what Congress wants to do about mortgage lenders
Buy a Kapolei home
Kapolei community information and news
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