More Mortgage Problems

Tax Evasion by D R Horton, .........America's Swindler.

D R Horton's business is all things real estate, primarily including transferring properties for a profit.........

KOB.com

Posted at: 08/19/2007 07:28:24 PM

Updated at: 08/20/2007 08:29:11 AM

By: The Associated Press

State to review loan practices

ALBUQUERQUE (AP) - The state will be on the lookout over the next 90 days for mortgage companies or brokers engaged in predatory lending.

Starting Monday, state Regulation and Licensing Department officials will conduct unscheduled inspections of a random sample of the 1,600 mortgage companies and brokers.

The effort is to make sure brokers and lenders are complying with state laws.

A spokesman for the department, Bob Hagan, says the department receives about 70 complaints a year from borrowers unhappy with their mortgage companies.

Hagan says the state has some national figures but doesn’t know how widespread the practices are locally.

If a lender or broker is found to be in violation of the law, Hagan says they could be fined or have their license revoked.

http://kob.com/article/stories/s171358.shtml

The above link will send you to the original KOB web site.

New Mexico is one of the 27 states that has received notification of D R Horton's predatory lending practices which have been exhaustively documented and detailed at the sister sites: www.drhortonsucks.info and www.donaldtomnitzisacrook.info. As recently as October 2007, three additional New Mexican consumers have reported deceptive business practices. Their information has been forwarded to the above authorities.