Mortgage brokers can help by having an open discussion with these borrowers
about predatory lenders and their tactics, including the financial reward some lenders pay brokers for placing loans with inflated interest rates.
Not exact matches
In addition to the concern
about lenders» strong incentives to offer
predatory loans, they argue that such «teaser» payment loans have the risk of boosting housing bubbles as they are popular with both borrowers and
lenders, who expect housing prices to continue to rise during bubbles.
You may want to also read Bad Credit First Time Home Buyer Mortgage Loans or Bad Credit Home Loan Mortgage Refinancing If your late on your current mortgage payments, read Stopping A Foreclosure On A Home If you have a past home foreclosure, please read Credit Repair After A Foreclosure Learn how to Protect Yourself From
Predatory Lenders How to get the best Bad Credit Mortgage Interest Rates Learn what to do If Your Mortgage
Lender Goes Bankrupt Avoid and Beware Of High Fee Mortgage Refinancing Rates Finding Apartments For People With bad Credit Learn
about Home Loans With A Bankruptcy Although all information has been written in good faith and reviewed, please email us at [email protected] to report any inaccuracies.
Unlike other
predatory lenders, LOANMART IS A
LENDER THAT CARES
ABOUT YOU.
The best defense against
predatory lenders lies in educating yourself
about their deceptive practices.
And if you think you may already be dealing with a
predatory lender, head to EGF's Business Resource Library to learn more
about some of the warning signs and contact us for information that can help.
Predatory lenders look for desperate borrowers who have exhausted other options, know little
about loans, and charge these borrowers high interest and fees.
These pages will also keep you informed
about what is being done to protect consumers against
predatory credit card
lenders.
Many people think
about shady
lenders, who are charging really high rates, and do business in the alleys — with
predatory practices.
About Blog The Mortgage
Lender Implode - O - Meter - tracking the housing finance breakdown, related to Alt - A and subprime mortgages, lending fraud,
predatory lending, housing bubble, mortgage banking, foreclosures, debt, consolidation, lawyers, class - action lawsuits.
After being targeted by
predatory lenders, saddled with unfair mortgages, and bypassed by the housing recovery they've heard so much
about, underwater homeowners in communities of color deserve at least this much from the federal government.