Curbing Predatory Home Mortgage Lending A Joint Report

The U.S. has made enormous progress in expanding access to capital for previously underserved borrowers. This progress has contributed to the highest rate of homeownership in U.S. history as well as the highest rate of homeownership in history for African-Amer. families. However, too many families are suffering because of a growing incidence of abusive predatory mortgage lending practices. This report recommends that Congress, the regulators & states take action to protect consumers, to encourage healthy market competition & to improve the info. available to mortgage borrowers, esp. in the high-cost mortgage loan market where these practices often occur.Summers, Lawrence H. is the author of 'Curbing Predatory Home Mortgage Lending A Joint Report' with ISBN 9780756714130 and ISBN 0756714133.