@spiegelmama@infosec.exchange
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The USDA failed to follow its own guidance for a rural mortgage program, taking years to foreclose on delinquent loans.
As a result, 55 Maine borrowers racked up, on average, $110,000 in additional debt before the agency moved to take the homes.
https://www.propublica.org/article/usda-maine-foreclosures-rural-homeowners?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
ProPublica
The USDA Wouldn’t Let Her Give Up Her House When She Couldn’t Pay Her Mortgage. Instead, It Crushed Her With Debt.The USDA failed to follow its own guidance for a rural mortgage program, taking years to foreclose on delinquent loans. As a result, 55 Maine borrowers racked up, on average, $110,000 in additional debt before the agency moved to take the homes.
