Loans and Predatory Lending


Loans

FDIC: Looking for the Best Mortgage
This site from the Federal Deposit Insurance Corporation offers a clear explanation of how to shop for the best mortgage option. The information is also available in Spanish. 

Money Management International
Money Management International, a nonprofit community service organization located in Houston, Texas, provides “professional financial guidance, counseling, community-wide educational programs, and debt management assistance.”

The Motley Fool: Home Center
The Motley Fool, a multimedia financial education company, offers a comprehensive overview of the home buying process including reviewing current interest rates, finding the right home, choosing a mortgage, and closing the deal. Particularly helpful is the full range of calculators and the clear explanation of mortgages. 

U. S. Department of Housing and Urban Development (HUD) – Shopping for a Loan
The U. S. Department of Housing and Urban Development explains the different types of lenders and different types of loans available for obtaining financing to purchase a home. 

USA.gov – Mortgages
This USA.gov web page on discusses mortgages and ways to spot predatory lenders.

Predatory Lending

AARP
This article from the AARP provides advice to seniors on how to avoid unfair lending practices. 

Avoiding Predatory Lending Scams
This site from the American Bankers Association Education Foundation offers tales of predatory lending and useful information on how to avoid being a victim. Also available in Spanish. 

Center for Responsible Lending
The Center for Responsible Lending is a nonprofit advocacy group out of Durham, North Carolina, which provides extensive research on predatory lending, state and federal policy and legislation, and the latest news on efforts to combat predatory lenders. 

Don’t Be a Victim of Loan Fraud
This resource from the U.S. Department of Housing and Urban Development provides a definition of predatory lending, tactics used by predatory lenders, and tips on buying and financing a home. 

HUD Predatory Lending 
Housing and Urban Development presents this list of resources for predatory lending in Tennessee.

Memphis Area Association of Realtors 
Predatory lending is explained on this site. Warning signs and information on protecting yourself are included, as well as directions to a list of resources.

Tennessee Department of Financial Institutions
The Department of Financial Institutions is responsible for the regulation of banks, loan services, and mortgage companies. This site provides a list of registered entities in the state of Tennessee as well as information on where to file a complaint.

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