How to make money from a bad mortgage deal

The U.S. government is cracking down on the so-called “shadow banks” that help finance foreclosures and other loans to homeowners.

They’re largely owned by banks that have historically been slow to comply with mortgage servicing standards, like requiring lenders to offer a fixed monthly payment and paying off a minimum down payment.

The new rules would force those lenders to take down their bad loans, which would mean making up for any lost revenue by cutting other loans.

The rule would also make it easier for taxpayers to file complaints against bad banks.

Here’s what you need to know.

— CNNMoney’s Laura Flanders reports from Washington.

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