Steps have also been taken to enhance the reliability of mortgage insurers, generally support industry standards for loan data transparency, and drive fraud and
predatory loan products out of the system.
Not exact matches
While there are several advantages to alternative lending, it's critical you carefully review and evaluate various
loan product, so you don't fall prey to
predatory lending.
In general, payday
loan borrowers were very supportive of the lending
product, yet they still believe the government has a part to play in making the industry safer and less prone to
predatory behavior.
I pushed back, exclaiming that I have never seen such horrible
loan products as the
predatory student
loans that were issued like candy during the heyday of subprime lending.
Make no mistake, the likelihood of seeing subprime
loans and the
predatory products in years past will likely never come into the market again, and rightfully so.
A helping hand is needed for the low - income borrowers who are currently facing foreclosure as a direct result of the Subprime Lenders and
Predatory Brokers who assited with providing these
loan products to homeowners..
However, one of the worst and most
predatory mortgage
products created during this period was the option ARM
loan.