Title

Disentangling the DifferencesBetween Abusive and Predatory Lending: Professionals’ Perspectives

Document Type

Article

Journal/Book Title/Conference

Journal of Consumer Affairs

Volume

4

Issue

3

Publication Date

2008

First Page

313

Last Page

334

Abstract

This study describes how mortgage professionals differentiate abusive from predatory lending. Data were analyzed qualitatively. The results indicate that some users of this term do not always adhere to a strict definition of predatory lending but rather use it as a term for any general mortgage abuse and mortgage fraud. Existing laws at the federal- and state-level curtail abusive lending and promote fairness in the market place and they are highly enforced among depository financial institutions. However, unregulated nonfinancial institutions, mortgage brokers, and originators are still a primary source of predatory lending.

This document is currently not available here.

Share

COinS