Fed to Crack Down On Shady Lending
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Foreclosures of home mortgages are at an all-time high in the United States, and numerous companies are facing severe financial consequences if the credit crunch continues unabated. The issue has gained much attention because it affects so many people and because it affects the very places where people live. The article, "Fed to Crack Down on Shady Lending," examines some of the issues surrounding the current situation. The "shady lending" practices of the title of the article refers to various practices that lenders have implemented in recent years. These practices include not requiring proof of income from borrowers as well as not requiring that at-risk borrowers put aside funds for payment of taxes and insurance. In addition, ther
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Approximate Word count = 536
Approximate Pages = 2 (250 words per page)
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