Predatory Lending
Unscrupulous actions carried out by a lender to entice, induce, and/or assist a borrower in taking a mortgage that carries high fees, a high interest rate, strips the borrower of equity, or places the borrower in a lower credit rated loan to the benefit of the lender. As with most things of a dishonest nature, new and different predatory lending schemes frequently arise.

Investopedia Says:
Many states have anti predatory lending laws. A dedicated consumer who shops around for a mortgage is unlikely to be taken by predatory lending. Additionally, becoming more financially literate helps borrowers spot red flags and avoid questionable lenders. The U.S. Department of Housing and Urban Development (HUD) has also been taking measures to combat predatory lending.

Related Terms:
Jingle Mail
Mortgage
Mortgage Banker
Mortgage Broker
Mortgage Originator
Subprime Credit Card
Subprime Lender
Subprime Mortgage

• Asset Financing
• Asset/Liability Management
• Asset/Liability Management
• Asset Management
• Asset Management Company (AMC)
• Asset Management Company (AMC)
• Asset-or-Nothing Call Option
• Asset-or-Nothing Put Option
• Asset Performance
• Asset Play
• Asset Quality Rating
• Asset Redeployment
• Asset Size
• Asset Stripper
• Asset Stripping
• Assets Under Management (AUM)
• Assets Under Management (AUM)
• Asset Swap
• Asset Swapped Convertible Option Transaction (ASCOT)
• Asset Swapped Convertible Option Transaction (ASCOT)
• Asset Turnover
• Asset Valuation
• Assign
• Assignable Contract
• Assignment