Maryland zombie mortgages

Today, the House and Senate will be voting on a bill that will roll back decades of consumer protection law and make it easier for zombie mortgage purchasers to enter the state. Because the turnaround rate on this bill from hearing to voting session is so quick, we need your help NOW to keep this bill from passing. The bill, HB1516/SB1026, introduced by Governor Moore’s Office of Financial Regulation, would allow predatory debt buyers to avoid oversight, investigation, regulation, and enforcement. It protects predatory zombie debt buyers instead of hardworking Maryland families. An NPR report found that more than 700 ...