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Question 1 (0.15 points) Saved Common predatory mortgage lending practices include: (select all that apply) loan flipping exc
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Answer #1

Common predatory mortgage lending practices include:

  • Loan flipping
  • Loaning more than the borrower's ability to repay.
  • Prepayment penalties

Predatory lending benefits the lender by ignoring the borrower's ability to repay the debt.

In loan flipping, the lender encourages a borrower to refinance an existing loan into a larger one with a higher interest rate and additional fees.

Most subprime mortgages have abnormally high prepayment penalties.

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