We need better protections for elderly homeowners against predatory lending. When my grandfather' missed a payment on a preditary loan he didn't know existed, after his wife had just died, his lender refused to accept payment, they refused any programs that would help him keep his home, the promptly forclosed,. By the time the family figured out what was happening it was too late. his family were prohibited from bidding on the property at auction per fannie Mae's real estate agent representative. Fannie mae was keen to kick grandpa out even when the family offered to pay cash for costs fannie mae had incurred on said property. This just seems wrong on so many levels.
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