Champion Says Borrower's Bill of Rights Puts Consumers' Interests First.Business Editors PARSIPPANY, N.J.--(BUSINESS WIRE)--March 30, 2000 New reports of unfair lending practices by unscrupulous mortgage companies underscores the need for the recently released Borrower's Bill of Rights. Sponsored by Champion Mortgage, a New Jersey based company whose lending practices have earned the highest rating from the Better Business Bureau, the Borrower's Bill of Rights takes consumers through the loan process, detailing their rights and expectations. The Borrower's Bill of Rights tells consumers that they can and should expect quality service from any lending institution Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in with which they deal. "We are in business to help people find financial solutions," says Joseph P. Goryeb, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Champion Mortgage, based in Parsippany, NJ. "Predatory predatory pertaining to predator. predatory behavior the hunting of birds, mice and small reptiles by cats and the hunting and herding behavior of dogs, often facilitated in a pack. lending has no place in the home equity lending industry. The Borrower's Bill of Rights is a tool to help consumers identify competent Possessing the necessary reasoning abilities or legal qualifications; qualified; capable; sufficient. A court is competent if it has been given jurisdiction, by statute or constitution, to hear particular types of lawsuits. and trustworthy lenders, and avoid those lenders who charge exorbitant fees that put homeowners at risk." To obtain a copy of the Borrower's Bill of Rights, please call 1-800-CHAMPION, ext. FAIR. |
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