In 1994, the average home cost about $150,000, and almost no one had ever heard of a subprime loan. That was also the year when Congress last took any major action against predatory mortgage lending. Today federal lawmakers are playing catch-up as they consider key legislation to stop foreclosures and strengthen protections against abusive lending practices.
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Browse Mortgage Lending - Policy & Legislation - Congress
- Predatory Mortgage Lending: The Problem, Impact, and Responses
July 26, 2001
Testimony of Martin Eakes,Self-Help CEO and Coalition for Responsible Lending Spokesperson Before the Senate Committee on Banking, Housing and Urban Affairs.
- Predatory Lending Practices
May 24, 2000