Despite Industry Efforts, Assignee Liability Shows Little Sign of Abating, Attorneys Warn
April 28, 2006
Despite the secondary market’s efforts to insulate loan buyers and assignees from legislation designed to crack down on abusive lending, the issue of assignee liability appears to be alive and well in the mortgage market. That was the main message that emerged from last week’s audio conference on predatory lending sponsored by Inside Mortgage Finance Publications. Participants heard talk of a market with few bright lines that can guide compliance efforts as state regulators…