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Predatory Lending
October 8, 2008 by Mortgage Align · Leave a Comment
Over the last several years, our nation has made enormous progress in expanding access to capital for previously under served borrowers. Despite this progress, however, too many families are suffering today because of a growing incidence of abusive practices in a segment of the mortgage lending market. Predatory mortgage lending practices strip borrowers of home equity and threaten families with foreclosure, destabilizing the very communities that are beginning to enjoy the fruits of our nation’s economic success.
For more information on Predatory Lending, visit the U.S. Department of Housing and Urban Development.
