Understanding Predatory Lending
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Understanding Predatory Lending
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Author : Deborah Goldstein
language : en
Publisher:
Release Date : 1999
Understanding Predatory Lending written by Deborah Goldstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Fraud categories.
Understanding Predatory Lending
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Author :
language : en
Publisher:
Release Date : 2009
Understanding Predatory Lending written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Civil rights categories.
Understand Predatory Lending
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Author : Deborah Goldstein
language : en
Publisher:
Release Date : 1999
Understand Predatory Lending written by Deborah Goldstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Discrimination in mortgage loans categories.
Why The Poor Pay More
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Author : Gregory D. Squires
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2004-10-30
Why The Poor Pay More written by Gregory D. Squires and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-10-30 with Business & Economics categories.
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.
Loan Sharks
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Author : Charles R. Geisst
language : en
Publisher: Brookings Institution Press
Release Date : 2017-04-04
Loan Sharks written by Charles R. Geisst and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-04 with Business & Economics categories.
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.
Consumer Protection
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Author : United States. General Accounting Office
language : en
Publisher:
Release Date : 2004
Consumer Protection written by United States. General Accounting Office and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Mortgage loan servicing categories.
Foreclosures Of Subprime Mortgages In Chicago
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Author : Morgan J. Rose
language : en
Publisher:
Release Date : 2006
Foreclosures Of Subprime Mortgages In Chicago written by Morgan J. Rose and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Bank examination categories.
A Tale Of Three Markets
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Author : Kathleen C. Engel
language : en
Publisher:
Release Date : 2012
A Tale Of Three Markets written by Kathleen C. Engel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Predatory lending - the practice of making exploitative high-cost loans to naive borrowers - has spurred policy-makers, activists, lenders and scholars to debate whether intervention is warranted and, if so, what type of intervention is appropriate. The solution requires understanding the incentives in the home mortgage market that have fueled predatory lending. Recent changes in the credit market have created new possibilities for lenders to profit by exploiting information asymmetries to the detriment of unsophisticated borrowers. As a result, a new, predatory lending market has emerged alongside the legitimate prime and subprime home mortgage markets. Neither market forces nor existing legal remedies are sufficient to correct predatory lending. Instead, government intervention is needed. The authors propose a new, narrowly tailored remedy - suitability - that would require predatory lenders to internalize the costs of the harm they cause.
American Nightmare
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Author : Richard Lord
language : en
Publisher:
Release Date : 2005
American Nightmare written by Richard Lord and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Homeowners who can't borrow from banks have long turned to the subprime lending industry for mortgages. Increasingly, that industry has turned on them by charging outrageous fees and usurious interest, and then taking their homes through foreclosure. Richard Lord explores the spread of predatory lending practices. And it tells the stories of borrowers who've been taken, contractors and brokers who've been co-opted, lenders who've cheated--and the world's biggest financial titans, who've cashed in. A battle is taking shape that could determine whether home ownership for working people will be an achievable dream or an American nightmare. Richard Lord is a writer for the "Pittsburgh City Paper" whose work on subprime lending has won numerous awards.
Predatory Lending
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Author : United States. Congress. Senate. Special Committee on Aging
language : en
Publisher:
Release Date : 2004
Predatory Lending written by United States. Congress. Senate. Special Committee on Aging and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.