Published By:The Chicago Reporter
Lincoln Yards investor Lone Star Funds accused of predatory lending
Those kinds of loans “diverge” from federal and industry standards, according to a report by the Center for Popular Democracy and the ACCE Institute. Because they don’t offer real relief, “modifications from Caliber are less likely to preserve homeownership than loan modifications from many of the other large servicers in the country who follow better standards,” according to the report.