Give Me Back My Rights! the Dangers of Mandatory Arbitration Clauses

The Dangers of Binding Mandatory Arbitration (BMA) Clauses

BMA in Mortgage Clauses

Getting a mortgage? The vast majority of mortgage companies have BMA clauses. You can protect yourself in several ways:

Make sure your mortgage qualifies for either a Fannie Mae or Freddie Mac loan. Neither Fannie Mae nor Freddie Mac allows BMA clauses in their loans (does that tell you anything?)
Get your mortgage through a credit union or independent financial institution. Make sure that institution does not have a BMA clause.

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