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Predatory Mortgage Lending

Predatory mortgage lending, whether undertaken by creditors, brokers, or even home improvement contractors, involves engaging in deception or fraud, manipulating the borrower through aggressive sales tactics, or taking unfair advantage of a borrower's lack of understanding about loan terms.

Predatory lenders will target homeowners who have equity in their homes and may also have credit problems or need cash. They will advertise their services to people in financial need - people who may have fallen behind in paying their bills, or need money for medical bills, cars or costly home repairs. Often targeted are the elderly, low-wage earners and minority homeowners.

The Office of the Attorney General and the District of Columbia are fighting on behalf of DC citizens against the abusive practices of predatory mortgage lenders. If you have questions or would like to learn more about what you can do to combat these practices, visit HUD, The National Association of Consumer Advocates, The Federal Trade Commission and The Better Business Bureau