Mortgage Companies Aren’t Paying Taxes On Time
Sub-prime lenders are those who provide people who have poor credit history with loans like in the form of mortgage. What’s not so good about it is that they charge higher interest rates. Because of this, a coalition of civil rights groups in the United States has called the attention of these sub-prime lenders to discontinue repossessing the houses of the borrowers. Their plea is to have six-month moratorium on foreclosures and that should be adjusted in favor of the borrowers. Because of the downturn of the economy, bankruptcies are all over and what is happening is that lending corporations and even banks are very much alarmed resorting to anything to save themselves.