Mr. Bartlett asserts that prepayment penalties are the critical factor enabling 'steering' in mortgage lending, as they prevent borrowers from refinancing to escape high-rate loans.

Authors

• Person: Not available Organization: U.S. House of Representatives, Committee on Banking and Financial Services
  Predatory Lending Practices - House.gov

Sources

• Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services via serper

Referenced by nodes (3)

• prepayment penalties concept
• Bartlett entity
• Steering concept