How Predatory Lending Works
In 2007 and 2008, foreclosures became a hot news topic. But is the housing crisis the fault of homebuyers, or do lenders share the blame?
The result of predatory lending has been devastating, not only for the individual families, but for the entire United States economy. One in five subprime loans made during 2005 and 2006 will end in foreclosure [source: Center for Responsible Lending].… » Full Story on HowStuffWorks
The result of predatory lending has been devastating, not only for the individual families, but for the entire United States economy. One in five subprime loans made during 2005 and 2006 will end in foreclosure [source: Center for Responsible Lending].… » Full Story on HowStuffWorks
