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Home » Store » News » Lenders Continue to Battle GSE Loan Steering ‘Myth’

Lenders Continue to Battle GSE Loan Steering ‘Myth’

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Subprime lenders are battling back against a perception of widespread loan steering – a charge that has dogged industry efforts to get ahead of the predatory lending debate. At issue are oft-cited Fannie Mae and Freddie Mac estimates that between 30 and 50 percent of subprime borrowers could qualify for prime financing. That charge is damning, because it suggests that subprime lenders routinely overcharge borrowers who should
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