"Focus: Banking & Finance" piece with commentary by Hannah Thomas, research asso
"Focus: Banking & Finance" piece with commentary by Hannah Thomas, research associate at Coastal Enterprises Inc. (CEI) in Wiscasset. CEI's February report on predatory mortgage lending shows that predatory lenders are active in Maine and that state law is not protecting Mainers from these lenders. Thomas urges improvements in the law, and the Office of Consumer Credit Regulation will make recommendations to the Legislature next session. Predatory lending takes place in the subprime mortgage market, which is supposed to serve borrowers who do not qualify for prime mortgages because of credit problems or a limited credit history. With details on subprime mortgages in Maine, and the main predatory practices seen in the state.
Finance, Coastal Enterprises, Inc Wiscasset
Thomas, Hannah, ""Focus: Banking & Finance" piece with commentary by Hannah Thomas, research asso" (2006). Maine News Index – MaineBiz. 3601.
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