If you've got a mortgage, there are new rules in place to protect you.
The Washington Post
reports, the new rules went into effect Tuesday, as part of the
$25 billion settlement between the government and mortgage lenders. They include a ban on "robo-signing," the rubber-stamping of documents to expedite the foreclosure process. Also banned is "dual tracking." That's when a lender forecloses on you during the process of modifying your loan. And banks must treat foreclosure as a last resort, after considering other options.