Excessive refinance fees alleged in lawsuit

Did mortgage lender violate federal law?
Published on Mar 7, 2007

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by CareyBot

Ty and Kimberly Mitchell refinanced their home loan with Beneficial Loan and Thrift Co. They allege Beneficial violated the federal Home Ownership and Equity Protection Act (HOEPA) by charging excessive “points and fees” exceeding 8 percent of the amount borrowed, ...