What legal recourse do homeowners have if they suspect they've been victims of securitization fraud on their mortgage loans?
What legal recourse do homeowners have if they suspect they've been victims of securitization fraud on their mortgage loans?
Homeowners who suspect they've been victims of securitization fraud on their mortgage loans have several legal recourse options. They can file complaints with regulatory agencies such as the Consumer Financial Protection Bureau (CFPB) or the Securities and Exchange Commission (SEC), which investigate fraudulent practices. Additionally, homeowners can seek legal representation to explore options such as filing lawsuits against lenders, mortgage servicers, or other parties involved in the securitization process. Remedies may include damages, loan modifications, or foreclosure prevention measures. Consulting with an experienced attorney specializing in real estate or consumer protection law is advisable to navigate these complex legal matters effectively.