Subprime and Predatory Lending in Rural America: Mortgage Lending Practices That Can Trap Low-Income Rural People

The Carsey Institute at the University of New Hampshire conducted this study and found that predatory mortgage lending is prevalent in rural areas. Additionally, authors conclude that rural minorities are more likely to take out higher-cost mortgage loans. Focusing on predatory lending for mortgages, this practice can have a significant effect on low-income working families by threatening their assets and savings.