Price Gouging

(redirected from Price gauging)
Also found in: Dictionary, Thesaurus.

Price Gouging

Charging unwary borrowers interest rates and/or fees that are excessive relative to what the same borrowers could have found had they shopped the market.

See Predatory Lending/Predatory Practices.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.