Predatory lenders issue loans to borrowers whose income levels are insufficient to meet the new debt obligations, which leads to foreclosure or refinancing transactions that further reduce borrower equity.

Authors

• Person: Not available Organization: Department of Justice
  Fair Lending Enforcement Program - Department of Justice

Sources

• Fair Lending Enforcement Program - Department of Justice www.justice.gov Department of Justice via serper

Referenced by nodes (1)

• predatory lending concept