Ho-lee Crap

If this is true (and you have to wonder if CNBC would be stupid enough to put it out there without proof), I would not want to be a bank executive any time in this century.

The short version is that some lenders are, in certain specific circumstance, requesting payments off of the RESPA statements. This is illegal.

The long version is here. With The Obama already hard after the banks, this one will bear watching.

1 thought on “Ho-lee Crap

  1. Nothing the government does surprises me anylonger. Whether it be this party or that party. Both have become rotten and corrupt to the core.

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