Looks like some mortgage companies are now increasing their rates of interest…that were FIXED! Looks like breach of contract to me.

How low will these clowns stoop? Banking was always based upon trust. If there is no trust, then banks cannot exist!

Presumably they know that they will get fined, so I guess that their number-crunchers have estimated the cost of this versus the likely windfall profit from cheating their customers means that they will still make substantial profits.

If you follow the article there is a registration for a Class Action. I have signed up to it because its important that these dishonest tactics are not escalated or rolled out by others.

http://www.property118.com/will-mortgage-express-copy-boi-west-brom-raise-their-rates/43778/

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