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Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 502 pages
File Size : 54,9 Mb
Release : 2002
Category : Business & Economics
ISBN : UCAL:B5124913
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 192 pages
File Size : 46,6 Mb
Release : 2003
Category : Mortgage brokers
ISBN : PSU:000050200092
Author : Deborah Goldstein
Publisher : Unknown
Page : 90 pages
File Size : 48,6 Mb
Release : 1999
Category : Fraud
ISBN : STANFORD:36105028486418
Author : United States. Department of Housing and Urban Development
Publisher : Unknown
Page : 128 pages
File Size : 42,5 Mb
Release : 2000
Category : Discrimination in mortgage loans
ISBN : PURD:32754069582926
Author : Paul S. Sarbanes
Publisher : DIANE Publishing
Page : 187 pages
File Size : 52,9 Mb
Release : 2004-10
Category : Business & Economics
ISBN : 9780756744069
Author : Gregory D. Squires
Publisher : Bloomsbury Publishing USA
Page : 249 pages
File Size : 47,6 Mb
Release : 2004-10-30
Category : Business & Economics
ISBN : 9780313067907
The proverbial American dream of owning a home has become an all-too-real nightmare for a growing number of families. The most vulnerable segments of our society—including minorities, the elderly, and working families—are being victimized by financiers who lure them into commitments they cannot fulfill. Collectively known as predatory lending, these practices include offering higher interest rates than can be justified by the risk, high pre-payment penalties that lock families into exploitative loans, and monstrous balloon payments that often result in default and the loss of the home. The net result can be disastrous: damage to one's credit rating, bankruptcy, and even the loss of lifelong savings. Why the Poor Pay More is an incisive exposure of these practices: how they have evolved, why they have become so prevalent in recent years, and how their negative effects can be quantified. It features in-depth analysis from prominent scholars, legal experts, and community leaders, who shed new light on the social, political, and economic consequences of predatory lending. Why the Poor Pay More is much more than an indictment of these insidious discriminatory practices. It is a call to arms for anyone concerned about how the financial-political system can be corrupted to serve the needs of the wealthy. Highlighting community initiatives already underway to combat predatory lending and an extensive listing of practical resources, Why the Poor Pay More outlines active roles that individuals, advocacy groups, financial and legal service providers, and policymakers can play in reversing this destructive trend.
Author : United States. General Accounting Office
Publisher : Unknown
Page : 132 pages
File Size : 55,6 Mb
Release : 2004
Category : Mortgage loan servicing
ISBN : STANFORD:36105126833727
Author : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy
Publisher : Unknown
Page : 320 pages
File Size : 47,9 Mb
Release : 2007
Category : Business & Economics
ISBN : PSU:000063504613
Author : Anonim
Publisher : DIANE Publishing
Page : 127 pages
File Size : 42,8 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9781428935020
Author : Janis Sarra,Cheryl L. Wade
Publisher : Cambridge University Press
Page : 329 pages
File Size : 41,5 Mb
Release : 2020-07-09
Category : Law
ISBN : 9781108496063
Examines predatory practices in mortgage markets to provide invaluable insight into the racial wealth gap between black and white Americans.
Author : Charles R. Geisst
Publisher : Brookings Institution Press
Page : 275 pages
File Size : 50,6 Mb
Release : 2017-04-04
Category : Business & Economics
ISBN : 9780815729013
Predatory lending: A problem rooted in the past that continues today. Looking for an investment return that could exceed 500 percent annually; maybe even twice that much? Private, unregulated lending to high-risk borrowers is the answer, or at least it was in the United States for much of the period from the Civil War to the onset of the early decades of the twentieth century. Newspapers called the practice “loan sharking” because lenders employed the same ruthlessness as the great predators in the ocean. Slowly state and federal governments adopted laws and regulations curtailing the practice, but organized crime continued to operate much of the business. In the end, lending to high-margin investors contributed directly to the Wall Street crash of 1929. Loan Sharks is the first history of predatory lending in the United States. It traces the origins of modern consumer lending to such older practices as salary buying and hidden interest charges. Yet, as Geisst shows, no-holds barred loan sharking is not a thing of the past. Many current lending practices employed today by credit card companies, payday lenders, and providers of consumer loans would have been easily recognizable at the end of the nineteenth century. Geisst demonstrates the still prevalent custom of lenders charging high interest rates, especially to risky borrowers, despite attempts to control the practice by individual states. Usury and loan sharking have not disappeared a century and a half after the predatory practices first raised public concern.
Author : Lawrence H. Summers,Andrew Cuomo
Publisher : Unknown
Page : 119 pages
File Size : 46,8 Mb
Release : 2000-07-01
Category : Electronic
ISBN : 0756714133
The U.S. has made enormous progress in expanding access to capital for previously underserved borrowers. This progress has contributed to the highest rate of homeownership in U.S. history as well as the highest rate of homeownership in history for African-Amer. families. However, too many families are suffering because of a growing incidence of abusive predatory mortgage lending practices. This report recommends that Congress, the regulators & states take action to protect consumers, to encourage healthy market competition & to improve the info. available to mortgage borrowers, esp. in the high-cost mortgage loan market where these practices often occur.
Author : Terry L. Donovan
Publisher : Smart Books LLC
Page : 306 pages
File Size : 42,7 Mb
Release : 2009-04-20
Category : Mortgage loans
ISBN : 9780615279473
Mortganomics teaches readers how to successfully negotiate the terms of a home mortgage with any bank, mortgage lender or broker. It provides detailed examples how lenders price their home loans and how they can subjectively increase a customer's interest rate to create larger commissions and loan costs. It includes samples of lender's rate sheets showing their wholesale costs for the individual interest rates, and explains how to make a lender guarantee that they will charge only their required minimum fees, and nothing extra that would increase force the borrower to take a higher interest rate. It gives readers a step-by-step verifiable method for paying off their mortgage years early, and an easy method to evaluate how competitive their interest rate and terms are in the marketplace. The book sugar coats nothing when it comes to exposing the ways lenders mark up their costs at a borrower's expense, and the ways that they hide important facts from their customers. This book provides dozens of easy to understand loan pricing calculations that readers can use to negotiate their loan terms and detect predatory lending practices.
Author : United States. Congress. Senate. Special Committee on Aging
Publisher : Unknown
Page : 312 pages
File Size : 53,6 Mb
Release : 2004
Category : Business & Economics
ISBN : STANFORD:36105063547389
Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher : Unknown
Page : 474 pages
File Size : 50,8 Mb
Release : 2003
Category : Business & Economics
ISBN : STANFORD:36105050355010