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Home » Abuse-Foreclosure Link Not All That Clear, OCC Says
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Abuse-Foreclosure Link Not All That Clear, OCC Says

September 1, 2006
Are predatory lending practices behind a troubling rise in foreclosures in Chicago? Many consumer groups say so. But a new white paper issued by the Office of the Comptroller of the Currency suggests that the link may be weaker than believed. “The relationship between predatory lending practices and foreclosure rates is more complicated than the arguments for restricting their use suggested,” the OCC said in “Economic Working Paper 2006-1, released this month...
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