Predatory Lending Practices
PREDATORY LENDING PRACTICES / ABUSIVE LOAN PRACTICES
The following is excerpted from the websites of Acorn Housing Corporation: www.acornhousing.org/TEXT/predlend.html and the U.S. Department of Housing and Urban Development (HUD): www.hud.gov/offices/hsg/sfh/buying/loanfraud.cfm
WHAT IS PREDATORY LENDING, ALSO KNOWN AS ABUSIVE LOAN PRACTICES?
Predatory lending is another term for loan fraud committed by mortgage lenders, home appraisers or real estate professionals […]
