Land contracts frequently are offered to the most
financially vulnerable borrowers living on limited income, the NCLC says.
«Taken together, these practices prevented some of the most
financially vulnerable borrowers from securing some or all of the benefits of plans that were intended to ease the burden of unaffordable student debt.»
Not exact matches
According to the government's complaint, the three used their positions to identify
financially vulnerable elderly
borrowers and pressured them to refinance their existing mortgages into an FHA - insured reverse mortgage or Home Equity Conversion Mortgage (HECM).