Industry News

Anti-predatory law causes decline in real estate lending

Study finds minority, low-income borrowers hit hardest
Published on Sep 14, 2004

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by CareyBot

North Carolina’s 1999 anti-predatory lending law has caused lending to decline among minority and low-income borrowers, according to the findings of a study released today by the Mortgage Bankers Association. The study, conducted by Abt Associates, analyzed the changes in ...