Buy custom Predatory Lending in the Housing Industry
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2982 |
Essay's paper body
This is called PMI (Private Mortgage Insurance). The cost of private mortgage insurance is included in a buyer's monthly payment.
What is happening is that there are some unethical lending practices that are threatening the housing industry as a whole. The concern involves the practices of some sub-prime lenders...
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The concern involves the practices of some sub-prime lenders. These practices are considered to be "predatory" on consumers. Sub-prime lenders offer home loans (Equity Loans & 1st Time Home Purchase Loans) to moderate to lower income families. These clients are considered to be high credit risk borrowers, also know as B-C-D credit clients...
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General points of the essay
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