Hello,

Predatory lending tends to target homeowners who are equity-rich in order to offer them high-cost mortgages with their homes as security. Some predatory lenders focus on particularly vulnerable populations, such as low- and moderate- income, minority, or elderly homeowners. The loans are predatory because they prey on borrowers’ inexperience and lack of information to manipulate them into loans that they cannot afford to repay or with terms that are significantly less advantageous than a loan for which the borrowers are qualified.



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