Predatory Lenders and Wall Street in 2008
Lexington, VA – The subprime mortgage crisis of 2008 involved more than just less-than-qualified applicants eager for a deal on a mortgage. Some lenders engaged in fraudulent practices designed to deceive homeowners and mortgage brokers. Earlier, Bob Leweke asked Mike Hudson, a reporter with the Center for Public Integrity, for examples of these subprime predatory sales practices.
Mr. Hudson is the author of "The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America - and Spawned a Global Crisis." He will be appearing at Washington and Lee Monday evening, November 8th.