Lending used to be simple, but today it’s a wall street money making machine. Millions risk losing their homes to unethical and illegal lending practices. That’s not right. We deserve honest, accountable, and transparent lending.
Homeownership is the foundation of the American Dream. A home is not just a house: it’s a place to raise a family, to gain wealth, to find a place and purpose in your community. A home determines who your neighbors are, where your children go to school, and even where you decide to work and worship. For decades, a family buying and owning a home has been a major life event supported and applauded as the foundation of the American Dream.
Lending used to be simple, honest, and transparent. Lenders used to loan directly to homeowners and have a stake in keeping families in their homes. But over the last three decades, lending has turned into a wall street money-making machine.
Today, instead of working with families to keep them in their homes, banks continue the unethical servicing and fraudulent foreclosure practices they promised to stop doing after the $25b settlement with the 49 State Attorneys General.
To ensure the dream of homeownership remains reachable for all of us, Floridians for Honest Lending is working to ensure banks, mortgage servicers, and lawyers all play by the same set of common sense rules.
We believe that our system will only work with honesty, accountability, and transparency.
Honest Lending Report
Tell Your Story
Floridians For Honest Lending works to collect and expose stories of predatory lending practices in the mortgage industry so that the press and our elected leaders are aware that these practices are still happening. If you or your family have been a victim of a fraudulent foreclosure or abusive practice from the mortgage servicing industry, help us tell your story.
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For most Americans, our homes are our largest investments and what we hope to pass on to our kids. So, it is important that banks and mortgage servicers play by a fair and honest set of rules when marketing and dealing with financial consumers. Just as we expect the food and drug industry to sell safe, clean, and healthy products in the marketplace, we also need the mortgage and banking industry to abide by common sense rules to safeguard our homes from fraud, theft, and wrongful foreclosures. These are more than our houses — these are our dreams. Florida lawmakers are at work now on a Homeowners Bill of Rights that will provide much-needed safeguards for homeowners.
An Honest Deal
Everyone understands that when you make a mistake the right thing is to apologize and make amends. Yet, in court when dealing with foreclosure matters, banks consistently hold that their mistakes are irrelevant. Untold numbers of Floridians have lost their homes even though they could prove beyond a doubt that the banks foreclosing on them had lied. It’s the result of a judicial system that gives banks the benefit of the doubt – but doesn’t extend the same to Floridians.