Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological.
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It’s not clear how the department selected which loans to review in those visits. Lafayette Neighborhoods in May put off any corrective measures until HUD completes its review. A HUD spokeswoman said.
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Neighborhood Watch will continue to display those ‘first’ defaults that meet the ”prior to October 31, 2006” definition until they are no longer part of the two-year origination view in Neighborhood Watch. Loans displayed as ‘first defaults’ in Neighborhood Watch may have subsequently cured.
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