//homeequitytheft-cases-articles.blogspot.com/2008/11/another-defendant-in-alleged-bait.html

In a San Bernardino Superior Court, Eli Hassine plead guilty in a predatory “bait-and-switch” loan scam. The defendant promised homeowners who refinanced with him unrealistically low mortgage payments and cash-outs, then fraudulently changed the loan terms and charged excessively high loan fees in order to profit off the unsuspecting homeowners to the tune of $2.5 million.

//www.onwallstreet.com/asset/article/1247781/why-foreclosure-relief-worries-many-servicers.html?pg

Mortgage servicers fear the proposed 90-day moratorium on home foreclosures will actually prolong the housing downturn and have unintended consequences.