Some H&R Block foreclosures stopped as loans called immoral
Written on November 13th, 2008 in Foreclosure
This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more:
A Massachusetts judge is blocking H&R Block from automatically foreclosing on up to 9,700 Bay State homeowners, ruling that the firm apparently wrote mortgages with “reckless disregard (for) the risk of foreclosure.”
“Any lender with even a modicum of business morality should recognize that it is immoral, unethical and unscrupulous to issue a home loan with reckless disregard (for) the risk of foreclosure,” Suffolk Superior Court Judge Ralph Gants wrote in a preliminary injunction against H&R Block. See more on this from the Boston Herald.
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