``What makes a loan a "bad loan?" I know there are lending practices defined as being predatory in nature that result in "bad loans," but that's not what I'm talking about.

According to the Center for Responsible Lending, "Predatory lending describes unfair, deceptive, or fraudulent practices of lenders during the loan origination process." So, when we talk about predatory loans, we're talking about loans originated with any or all of the following being involved...''

Comments: Be the first to add a comment

add a comment | go to forum thread