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Race-based predatory lending fueled housing crisis

Race-based predatory lending fueled housing crisis

Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological Review. Predatory…

New White House rules for help on mortgages

New White House rules for help on mortgages

The White House plans to announce on Friday that it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt…