Sentences with phrase «by predatory lenders»

HUD is using MAP as an example of how such programs should operate and comparing it with programs set up by predatory lenders to entice people into homes they can't afford.

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.

These are individuals and their families who are unable to pay for a lawyer or to access free legal assistance — people facing the loss of their homes, suffering persecution by predatory lenders, seeking to keep custody of their children or escape the abuse of a family member, or looking to protect their very subsistence.

At the same time, many would - be loan applicants hesitate over getting a car title loan out of fear of having their car taken away by predatory lenders.

Carlisle says that 80 % of NID's clients are minorities who are disproportionately targeted by predatory lenders.

The fee that is sometimes charged on new credit cards for bad credit by predatory lenders.

Subprime consumers are often targeted by predatory lenders looking to capitalize on their weakened financial state.

Recently Faso sided with banks and credit card companies against the interests of consumers, by making it impossible for his constituents to win legal fights when they've been harmed by predatory lenders.

Not exact matches

That idea was traumatized by Marxism pushing classical political economy to its logical conclusion — to free capitalism from the carry - overs of the feudal epoch of landlordism, predatory finance and the monopolies that money - lenders obtained from governments.

This is often made worse by lenders that coerce, deceive, or otherwise pressure borrowers into signing these predatory loan agreements.

A decade ago, the reckless practices of predatory mortgage lenders, encouraged by a federal government eager to expand home ownership, led to the collapse of the housing market.

Hospitals, which are managed by business executives, behave like predatory lenders, hounding patients and seizing their homes.

Though fee harvesting card practices have been limited by the CARD Act, there are still workarounds that predatory lenders employ.

«Lenders should know by now that FHA will not tolerate fraudulent or predatory lending practices,» proclaimed FHA Commissioner David Stevens.

Predatory lending is in a legal sense the offering of certain secured loans such as home loans or car loans by lenders with the sole intention of seizing the property in order to sell it for a profit knowing that the borrower will not be able to afford the monthly payments on the loan.

If you live in Missouri, you'll want to know not only what's available to you, but how to keep from being victimized by a scammer or predatory lender.Below are lenders -LSB-...]

It is a common practice among predatory mortgage lenders to deceive customers by offering low monthly payments and concealing additional costs, rates, and fees on the small print of the loan contract.

By contrast, college graduates forced to turn to bankruptcy will send a strong signal to predatory lenders: stop funding worthless educations, it's no longer a good business model.

«Lenders should know by now that FHA will not tolerate fraudulent or predatory lending practices,» said FHA Commissioner David Stevens.

I realize my son made a mistake by being taken in my predatory lenders but that does not mean his life and ours should be allowed to be ruined by these people.»

Beware of predatory lenders - Some subprime lenders may try and take advantage of high risk borrowers by charging excessive fees and unreasonable interest rates.

Since home loans are backed by a borrower's real property, a predatory lender can profit not only from loan terms stacked in his or her favor, but also from the sale of a foreclosed home, if a borrower defaults.

While all lenders depend on some form of risk - based pricing — tying interest rates to credit history — predatory lenders abuse the practice by charging very high interest rates to high - risk borrowers who are most likely to default.

By definition, predatory lending benefits the lender and ignores or hinders the borrower's ability to repay the debt.

Beware of predatory lenders - Some subprime lenders take advantage of high risk borrowers by charging excessive fees and unreasonable interest rates.

Predatory lenders are notorious for selling bad deals by promising that they will refinance the loan later.

Several federal and state consumer protection laws protect consumers against predatory and usury loan tactics used by lenders.

In particular, the federal government plans to crack down on what it calls «hidden fees» by ending extra fees for paper bills; expanding no - cost basic banking services, working with the provinces and territories to regulate predatory payday lenders and further close the U.S. - Canada price gap.

As this fact page from the National Council on Aging shows, reverse mortgages are regulated by the federal government in order to prevent predatory lenders from snaring senior citizens.

The credit card reform legislation was passed in order to protect consumers against predatory and unfair practices by credit card lenders.

By using personal or business credit cards to finance startups, entrepreneurs can avoid predatory big - money lenders who might take a controlling share of a company's equity.

Oh — one more thing, gbaikie — look up deceptive marketing practices used by lenders to sell subprime loans (you can start that search with the keywords «predatory lending.»)

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.

In recent years, many veterans have fallen victim to predatory lending practices perpetrated by some lenders involved in the Department of Veterans Affairs home - mortgage program.

The reverse mortgage industry has been plagued over the years by confusion, rife with reports of predatory lenders preying on the elderly.