Apparently, Monroe County, New York, the county in which I reside, has "Upstate’s highest foreclosure rate." At least a piece of campaign mail I received a while back says so. That piece of election propaganda also said, "Predatory lenders brought us to foreclosure… and now we’re bailing them out?" Given all the press that "predatory lending" has gotten recently, in light of the fact that legislation – specifically laws like the Community Reinvestment Act – resulted in many of the supposedly sub-prime mortgages and given that the percentage of people receiving these loans who were black, the issue interests me. … Continue reading What the Heck is ‘Predatory’ Lending?