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West Virginia foreclosures surge on home equity loans
A Mountain State Justice review finds more than 1,600 West Virginians lost homes to predatory home equity lenders between July 2001 and June 2003, across 54 of 55 counties. Critics blame lax regulation and sub prime lending while industry reps dispute claims, noting foreclosure rates remain higher for sub prime loans.
MENTIONED IN THIS ARTICLE
Charleston
West
West Virginia
Mortgage Bankers Association of America
Mountain State Justice
National Home Equity Mortgage Association