Predatory Lending
In 2005, 38.8% of the mortgages made to Mississippi residents were subprime or high cost. The rate of high cost lending was the highest rate in the nation and significantly higher than the national average of 27.3%. While not all subprime loans are predatory, all predatory loans are subprime. Predatory lending strips the assets and equity out of low-income communities and prevents families from moving up the economic ladder.
2008
- Pushed Back: The Devastating Effects of the Subprime Foreclosure Crisis in the Southeast and the Impact on African Americans
- Foreclosure Policy Memo
- National Crisis Hits Home: Addressing Mississippi's Mortgage Foreclosures
- Predatory Lending Brief: Protecting Mississippi's Families
2007