The American Dream Shattered: The Dream of Homeownership and the Reality of Predatory Lending

From the Massachusetts Attorney General's office:

Attorney General Martha Coakley has released a report about new consumer protection regulations governing mortgage lenders and brokers. “The American Dream Shattered: The Dream of Homeownership and the Reality of Predatory Lending,” is a summary report of statewide hearings held on proposed mortgage regulations that the Attorney General’s Office held in September. The report includes an analysis of the concerns of residents and businesses of Massachusetts as well as state, local and federal officials who are also considering remedies to address the foreclosure crisis. The report also briefly discusses the reasons that stronger consumer protection regulations are necessary in making the mortgage lending marketplace more transparent and fair.

Read the report, "The American Dream Shattered: The Dream of Homeownership and the Reality of Predatory Lending".