Predatory lending has run largely unchecked. Here’s one of the best articles I have seen written on the topic….Wolves in Small Print

excerpt…

>Buyers aren’t the only ones screaming. Nationally and in Fort Worth, some of those working in
>the real estate and mortgage business are also coming forward to charge that the real estate lending
>business is fraught with fraud. Those professionals say that appraisals are being inflated to buoy up
>higher housing prices, bigger loans, and higher fees for the industry. First-time home buyers without
>down payments and with poor credit histories are being pushed through the mill, critics say, and come
>out the other side with loans they have little chance of repaying. That in turn is pushing foreclosure rates to alarmingly high levels.