A: Several Firms have announced potential lawsuits.
The biggest one is the Hoyer Firm in Florida so far.
Here's the link:
http://www.jameshoyer.com/problem_Sallie Mae.html
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Congressional Record, V, 153, Part 7, April 18, 2007 to April 26, 2007
Not a bad year. Yes, Sallie Mae's executives have come quite far from the days when they worked as a quasi-governmental operation. Sallie Mae's dramatic ...
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Kiplinger's Personal Finance
The trick, of course, is distinguishing between good risks and bad. IN SEARCH OF THE WORST Sallie Mae is the government-chartered, for-profit corporation ...
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National journal
Sallie Mae, one of the leading private lenders facing the possible loss of a ... given the huge taxpayer-funded bank bailout and some bad behavior in the ...
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With the recent collapse of the high risk mortgage market and thousands of people losing their homes to repossession, the availability of mortgages for bad credit has taken a massive hit. Does this mean that you are not going to be able to secure a mortgage if you have less than stellar credit? Not necessarily, however you may find that taking the necessary steps to repair your credit before you apply for a mortgage is a better idea.
Depending on how badly damaged your credit is, this process can take anywhere from 6 months to a couple of years. During this time you will have to make every payment from credit cards to your power bills on time every month. Any time you are late, your credit score will take a hit and undo your hard work building your credit back up.
However, if you cannot wait, you may find that despite your bad credit, financing bad credit home loans can still be done if you know where to look. The first thing you are going to have to realize is that you are going to have to avoid the big banks as they are only interested in lending money to people with outstanding credit. They have to know that they are going to get their money back or their investors are not going to be happy.