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Financial Traps

Number 24299
Subject Financial Investigations
Source Consumer Reports
State NY
Year 2009
Publication Date 03/1/2009; 09/1/2009
Summary The series explains, after the economy tanked last year, "five different schemes that made life harder for families trying to cope with financial problems." These schemes, which were promoted by financial companies and brokers, assured families help was on the way but actually caused more hardship. Furthermore, this help came at a price for the federal government, who lost "$700 million dollars" from loans.
Category Contest Entry
Pages 15
Keywords Economy; Financial; Families; Mortgage; Mortgage foreclosure companies; Mortgage brokers; Reverse; Federal Government
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