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Report: Subprime lending giant’s add-on “loan protections” put borrowers at an increased risk

Report: Subprime lending giant’s add-on “loan protections” put borrowers at an increased risk

In this context, Webster points out, calling the add-ons “loan protection items” is misleading. They have been, instead, “a money cow,” she says.

Almost 1 / 2 of the Denver standard situations the guts analyzed were renewals of previous loans which were rolled over into brand brand brand new loans.Read More