Built on infomercial, Lend America fails homeowners

The sudden fall of Lend America, a nationwide vendor of government-backed home loans, is leaving many borrowers with deep regrets.

In all corners of the U.S., customers say Lend America, a heavy user of television infomercials, did not fulfill all obligations when refinancing loans into government-backed mortgages, including paying off existing liens.

Full story is available on Reuters

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