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Resource ID: #18309
Subject: Mortgages
Source: Ford Foundation Report
Affiliation: 
Date: 2024-04-15

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Description

The Ford Foundation reports on the fine line between predatory lending and subprime loans -- those that are more expensive because of the higher risk involved. Without subprime loans many minority families would not be able to buy homes, the article reports. Because the institutions giving subprime loans are often not banks, there's no way to monitor their behavior. "It's like the Wild West," the article reports.

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