The West Coast Radio Show: Table Funding comes in many Flavors

"Table Funding" comes in many flavors but all table funded loans, according to Reg Z of the Federal Reserve, are predatory loans per se especially if it was part of a pattern of conduct by the originator. 1. The one addressed by TILA and required disclosures of the identity of the lender (giving the consumer choice over who he/she decides to do business with) has some basics to it. You have a real lender with real money making a real loan. 2. The banks set up what they called warehouse lending in which the originator was borrowing money from the real lender and therefore really was the lender. 3. But in the customary purchase and assumption agreement with the "warehouse lender" it is clear that the so-called "warehouse lender" is the real lender, since it asserted ownership of the loan starting before the closing of the new loan. Join us to learn more about why table-funded loans are predatory and the courts are indifferent. To learn more visit us at Livinglies  [email protected]   Charles Marshall, Esq. [email protected]   Investigator Bill Paatalo Office: (406) 328-4075 www.bpinvestigativeagency.com