Home Equity Lender, Others Sued Over Predatory Lending Scheme

(September 23, 2021, 12:40 PM EDT) -- SHERMAN, Texas — A home equity lender, its parent company and a specialized mortgage lender engaged in a predatory lending scheme to defraud a borrower seeking to obtain a home equity loan after losing his job by selling the borrower a sale-leaseback loan without providing him with the necessary disclosures or conducting the necessary due diligence to ensure that the borrower could repay the loan, the borrower alleges in a Sept. 20 complaint filed in Texas federal court....

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