During my recent home purchase I had a horrible experience with the inhouse lender, Pulte Mortgage. The terms of the loan offered were both predatory and discriminatory. Predatory lending is any lending practice that imposes unfair or abusive loan terms on a borrower. It is also any practice that convinces a borrower to accept unfair terms through deceptive, coercive, exploitative, or unscrupulous actions for a loan that a borrower doesn't need, doesn't want, or can't afford.
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Learn more about Predatory Lending from Possible Finance
Read this Lending Tree Article on Lending Discrimination
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Contact the Attorney General’s office in your state
File a housing discrimination complaint with your local HUD Fair Housing and Equal Opportunity (FHEO) office
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