What started out as a simple mortgage refinancing ends up costing the homeowners their house — and tens of thousands of extra dollars.
Metropolitan Milwaukee Fair Housing Council
Posted inNeighborhood News
Doyle to Sign Legislation Against Predatory Lenders
In response to a disturbing increase in unscrupulous home lending practices and an alarming increase in foreclosures due to these loans, on Thursday morning, April 15, Governor Jim Doyle will sign into law an act designed to protect unwary homeowners from predatory lenders. Predatory loans are designed to strip the homeowner of the equity they have in their home, and generate huge fees for the lender, regardless of the borrower’s ability to pay back the loan…
Posted inEditorials
If You Pave It, They Will Come
by Sonya Jongsma Knauss
If you haven’t heard much about the proposed freeway expansion for Milwaukee County and surrounding environs, I’m not surprised. Local media has done an abysmal job of covering this issue.
Posted inNeighborhood News
If You Were Robbed, You’d Report it… But Most Victims of Housing Discrimination Don’t
An estimated 2 million incidents of housing discrimination occur each year. However, the vast majority of these illegal acts go unreported. According to the fair housing laws, it’s illegal to consider race, national origin, color, religion, sex, disability, age, sexual orientation, lawful source of income, marital status, or family status in rental, sales or homeowners insurance decisions.
Posted inNeighborhood News
Metro Milwaukee Fair Housing Council (MMFHC) and Partners Declare, “Don’t Borrow Trouble!”
Predatory lending. It sounds bad. It is bad. And it’s a growing problem in Milwaukee. Predatory loans can come from lenders, brokers, or home improvement contractors. According to a joint HUD/Treasury report to Congress, in involves lending practices that: • engage in deception or fraud • manipulate the borrower through aggressive sales tactics • take unfair advantage of […]
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