My lender lied to me about the interest rate on my mortgage. Can I file a lawsuit?

Predatory lending is a term used to describe unfair, deceptive, or fraudulent practices of some lenders during the loan origination process. The failure of the bank to present the loan price as negotiable may be a red flag for predatory lending. Many consumers are unaware of how the loan process works and will simply follow the advice of their mortgage broker or loan officer. There are a number of resources to begin your research. The U.S. Department of Housing and Urban Development provides a list of approved Housing Counseling Agencies for all states. Housing counseling agencies offer guidance on home-buying, renting, reverse mortgages and default and foreclosure prevention. Another resource is the Homeowner's HOPE Hotline, a counseling service provided by the Homeownership Preservation Foundation. The Homeownership Preservation Foundation can provide answers, connection to a counselor, and comprehensive telephone counseling to help homeowners avoid foreclosure. Moving forward, please consult with a foreclosure lawyer to determine the best course of action to take in your case.