NLIC.org

Veronica Said:

Why hasn't the government jumped in to help people in foreclosure because of predatory lenders?

We Answered:

Yikes, here is the best I can do to alliviate the concern
Foreclosure requirement by HUD guaranteed loans: http://www.hudclips.org/sub_nonhud/cgi/n…
HUD consumer complaints: http://www.hud.gov/offices/hsg/sfh/res/r…
HUD Sample of Good Faith Estimate: http://www.hud.gov/offices/hsg/sfh/res/r…
HUD Real Estate Settlement Procedures Act: RESPA the entire statute
http://www.hud.gov/offices/hsg/sfh/res/r…
HUD Initiations of foreclosures, an explanation
http://www.hudclips.org/sub_nonhud/cgi/n…
Fixing your debt problems information from the US Government
http://www.ftc.gov/bcp/conline/pubs/cred…
National Home Recovery Program for foreclosures http://www.nhrp.com/
FTC: High Rate – High Fee Loans (know your rights): http://www.ftc.gov/bcp/conline/pubs/home…
Steps that can be taken to prevent foreclosures: http://www.consumerlaw.org/initiatives/s…
Dreams Foreclosed – Scams about foreclosures – A pamphlet: http://www.consumerlaw.org/news/Foreclos…
Predatory Lending information from ABA: http://www.aba.com/Consumer+Connection/C…
Mortgage Loan Fraud a report http://www.fincen.gov/MortgageLoanFraud.…
Racketeer Influenced and Corrupt Organizations Act – RICO
http://usinfo.state.gov/usa/infousa/laws…
That should give you plenty of information to do your research in.
Best of luck and sorry about your situation

Matthew Said:

how much should lenders charge for closing costs, I live in Maine and an looking for a small mortgage?

We Answered:

$250 paperwork fee for title company

$300 title insurance

$20 recording fees

$60 credit report

$1,000 loan fees. If you take a high interest rate, you can get these down to zero.