Saturday, February 10, 2007

The "Double Dirty Dozen" Predatory Mortgage Lending Practices

"Predatory and abusive practices by mortgage lenders and brokers, which impose excessive and unreasonable charges on homeowners, are pervasive and cause serious harm." So says an article appearing on the website of the National Association of Consumer Advocates (NACA).

The article identifies the typical victims of these practices and sets forth a list of over thirty predatory and abusive practices and insider tricks used to dupe homeowners.

To read more of this article written by NACA members, attorneys William Brennan and Patricia Sturdevant, see:

The Double Dirty Dozen Predatory Mortgage Lending Practices (HTML version).
.