Predatory Lender

Predatory Lender

A lender who makes a loan in the hope or expectation that the borrower will default. A lender may have an incentive to commit predatory lending if he/she receives a commission for each loan made (regardless of creditworthiness), or if the lender easily can bundle and sell the mortgage to a third party, passing on the risk while still profiting. A predatory lender may be an individual or institution. Predatory lending is illegal in many jurisdictions, though the exact definition may vary from place to place.
References in periodicals archive ?
At one point, his staff suspected that a predatory lender was fleecing a Salvadoran family.
Family independence initiative
He sits down with William Myers, a 73-year-old worker with Aoa pleated faceAoAuyou can see himAuwho has been living with his wife in a sad trailer park on the edge of Dayton, Ohio, since they fell victim to a predatory lender.
At Poverty Inc., rich get richer by lending to the poor
Figure 2 shows that the Greedy, Predatory Lender explanation of the mortgage problem is at best incomplete.
It's not just subprime!
The Department of Housing and Urban Development (HUD) provides information on how to avoid predatory lender practices, such as excessive fees and loan flipping.
Mortgage marketing practices and the U.S. credit crisis
When a client has been victimized by a predatory lender's shady business practices, several claims for redress are possible.
The poor still pay more: the small-loan industry preys on low-income Americans who often have no choice but to accept their outrageous payment terms. But this big business may be facing trouble
All three needed a car to advance economically and improve their lives, but all lacked the credit history they needed to buy one without resorting to a high-cost or predatory lender.
Loan program helps working families secure the American dream
Legal efforts to enforce Regulation Z generally come from one of two sources--enforcement actions undertaken by the Fed, or private actions undertaken by the individual victims of a predatory lender. Neither of these loci of enforcement, unfortunately, may be especially well placed to end the loan-flipping abuses of subprime predators.
A "flip" look at predatory lending: will the Fed's revised Regulation Z end abusive refinancing practices?
With eighty-eight branches throughout North Carolina, "just one predatory lender like the Associates was doing more harm than all the good we had done over all that time," recounts Eric Stein, Self-Help's research director.
Hunting the Predators : OUTRAGED AT LENDERS WHO PREY ON THE POOR, ACTIVISTS ARE STRIKING BACK
The predatory lender stalks consumers, seeking to seize their homes through high-cost, abusive lending practices.
Predatory lending, mortgage fraud, and client pressures. (Features)
They depict China as a "predatory lender" that is "weaponising capital" in order to practice "a new form of colonialism" in Africa.But such accusations have little factual basis, according to US-based independent policy analysts.
China's advance in Africa exaggerated by a retreating US, policy analysts says
Campbell became the victim of a predatory lender. (6) The terms of the
In pursuit of safety and soundness: an analysis of the OCC's anti-predatory lending standard
Another way Sailors and families can avoid the temptation of turning to a predatory lender is building and maintaining an emergency savings account to help meet those unexpected expenses.
Predatory lending and the importance of financial readiness
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