Sentences with phrase «abusive lending practices»

Read about abusive lending practices, how to avoid them, and how to save your home.

This loophole has resulted in those who were stripped of broker's licenses because of abusive lending practices getting right back into the industry, however.

By raising the number of seller financing transactions from 3 to 5 that an individual can participate in without having to register as a mortgage loan originator, H.R. 5287 would increase housing opportunities to moderate and low - income families, as well as first time homebuyers, without removing any safeguards that protect consumers against abusive lending practices.

The Homebuyer's Protect Act of 2007, also called the Predatory Lending Law, states that non-bank lenders, mortgage brokers and loan officers can not take part in abusive lending practices.

But lenders would be well advised to keep up their guard, since states — particularly blue ones — are taking steps of their own to crack down on what they see as abusive lending practices.

Financial education is the key to curbing abusive lending practices.