Predatory lending refers to any unfair practice that benefits the lender and makes it difficult for a borrower to repay debt. The signs of a predatory loan include language like ‘guaranteed’ approval, ...
Homeowners, gather ’round and clutch your wallets. These days, home loan scam artists are lurking in the shadows like that weird neighbor who’s always “just checking in.” They’re hungry, they’re ...
Martha Lawler stands outside the Brooklyn property she nearly lost after falling behind on her payments and refinancing into a mortgage with an 18.25% rate. Desperate to hang on to her Brooklyn, N.Y., ...
The Federal Deposit Insurance Corporation (FDIC) Supervisory Policy on Predatory Lending (FDIC FIL-6-2007) describes certain characteristics of predatory lending and reaffirms that such activities are ...
Roger Fendelman Corporate Compliance,Predatory Lending Laws,Bob Ney,Paul Kanjorski,Ken Lucas,Prohibit Predatory Lending Act,Brad Miller,Melvin L. Watt,Barney Frank The opinions expressed in the ...
Predatory lending might sound like a finance buzzword, but its impact is all too real. Picture signing up for a loan that seems like a quick fix, only to discover hidden fees and sky-high interest ...
WASHINGTON (AP) — The Justice Department filed its first predatory mortgage lending case Wednesday against a Texas developer accused of luring tens of thousands of Hispanic homebuyers into “bait and ...
Imagine you learn a family member has defrauded your mother of $800,000 in home equity — and that they did it with help from an unscrupulous mortgage lender. This is the story of Reginald Byron ...
Coastal Enterprises Inc.'s February report on predatory mortgage lending shows that predatory lenders are active in Maine. It also says that state law is not protecting Mainers from these lenders.
Unless a court blocks it, a new Montgomery County law will take effect on Wednesday that could have significant impact on home buyers and mortgage lenders there. In November, the Montgomery County ...
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