Saving Our Neighborhoods: Slowing the Tide of Predatory Lending and Foreclosures

Experts expect one and a half million foreclosures during 2007. The primary reason is the growth in predatory subprime loans. Estimates are that one-third
of the affected borrowers could have qualified for a better loan, but many were steered to predatory lenders with fees and adjustable rate mortgages now coming due. The resulting foreclosures hurt not only borrowers but entire neighborhoods as properties are vacated. Join your colleagues to discuss effective practices that foundations and grantees are employing to combat this crisis.

Session Designers: Christine Doby, Charles Stewart Mott Foundation, Mary Mountcastle, Z. Smith Reynolds Foundation, and Sally Scott, Baltimore Neighborhood Collaborative