Fees on Second Mortgage Violated Missouri Law, Eighth Circuit Rules

摘要

Certain charges imposed by a lender in connection with a second mortgage loan violated Missouri state law, ruled the U.S. Court of Appeals for the Eighth Circuit. (Washington v. Countrywide Home Loans, Inc., No. 10-1340, 2011 WL 3189435 (8th Cir. (Mo.), July 28, 2011) Plaintiff homeowners Jerry W. and Golda M. Washington applied for a second mortgage from Countrywide Home Loans, Inc. in the amount of $23,000, payable over 15 years, at a 12 percent interest rate.