Title

The Need for PredatoryMortgage Education: Expert Views

Document Type

Article

Journal/Book Title/Conference

Journal of Extension

Volume

46

Issue

5

Publication Date

2008

Abstract

This article describes the results of an exploratory study of predatory mortgage lending. The purposes were to gain insights into the salient characteristics of victims of predatory mortgage lending and identify the most effective means of victim protection in order to guide Extension efforts to educate consumers. Twelve mortgage-lending professionals were interviewed in-depth. They identified educational efforts by Extension educators and other nonprofit organizations as the best and most effective means of reducing the losses caused by predatory mortgage lending. Study findings can help Extension staff identify target audiences and the most effective educational strategies concerning predatory mortgage lending practices.

Comments

Available at http://www.joe.org/joe/2008october/rb1.shtml

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