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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: predatory lenders

predatory lenders stories: 1 news summaries

Borrowers Now Flocking to the Feds to Default on Loans

Same cause of subprime mess blamed for new threats to taxpayers

(Newser) - History is repeating itself, and taxpayers will be footing the bill for it: Flawed lending practices are enabling borrowers to receive mortgage loans they can’t repay—but this time, Washington’s involved, the Washington Post reports. Many of the loans provided by the Federal Housing Administration default after just... More »

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mortgage Federal Housing Administration borrowers Federal government taxpayers predatory lenders

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