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CIAO DATE: 10/5/2006
From Poverty, Opportunity: Putting the Market to Work for Lower Income Families
Matt Fellowes
July 2006
Abstract
The mortgage lending industry complains bitterly about being vilified for its role in the home-foreclosure epidemic in the Dayton region. Lenders and brokers have a legitimate grievance - but only in being singled out.
They charge consumers outrageous fees and steer them to home loans with lousy terms. But they aren't the only ones to exploit financially strapped and inexperienced consumers.
