Predatory Lending in Middle America

Abstract

In this research the impact of predatory lending and discriminatory marketing techniques were examined through a qualitative review of selected household files. Citizens for Community Improvement in Des Moines, Iowa assembled the files from interviews with 27 concerned homeowners regarding their mortgages in response to an announcement of Fannie Mae ‘s Anti-Predatory Lending Initiative. It was found that phone calls and mailings were the primary marketing strategies used by predatory lenders. Results of the homeowners ‘ experiences push for legislation, education, and outreach.

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Notes on contributors

Thessalenuere Hinnant-Bernard

Thessalenuere Hinnant-Bernard is Assistant Professor, Department of Family and Consumer Sciences, North Carolina A & T State University, Greensboro, NC. The assistance provided by Sue Crull is gratefully acknowledged.