Skip to main content
Back to Top

Protecting homeownership: The challenge of preventing abusive lending and foreclosure practices

Date Added to Library: 
Friday, November 7, 2014 - 10:41
Organizational Author: 
The Maryland Consumer Rights Coalition
Individual Author: 
Hystad, Cheryl
Reference Type: 
Research Methodology: 
Place Published: 
Baltimore, MD
Published Date: 
October 2006
Published Date (Text): 
October 2006

For many years public policy makers and advocates have pushed the idea of homeownership as the "American Dream." Numerous resources have been devoted at the federal, state, and local level to helping individuals become homeowners. Unfortunately, not nearly as much effort and energy has been devoted to helping people maintain homeownership. In fact, the attitude has been much the opposite -- many feel that if someone loses their home, it must be their own fault. In many states, foreclosure laws are designed to make it quick, easy and relatively inexpensive for a lender to sell a person's home, while making it difficult and costly for a homeowner to challenge a foreclosure proceeding.

This report finds that predatory mortgage loan practices continue to be a problem for homeowners in Maryland and that subprime loans account for a disproportionate share of the foreclosures in the state. We conclude that Maryland's anti-predatory lending law, enacted in 2002, is one of the weaker state laws passed in the wake of widespread lending abuses in the 1990s. We found that Maryland's foreclosure law does not provide homeowners with adequate notice or other protections needed to prevent the unnecessary loss of their homes. We also found that there is little help for homeowners facing foreclosure, even those who are unable to pay their mortgage through no fault of their own. (author summary)

Geographic Focus: 
Page Count: 

The SSRC is here to help you! Do you need more information on this record?

If you are unable to access the full-text of the article from the Public URL provided, please email our Librarians for assistance at

In addition to the information on this record provided by the SSRC, you may be able to use the following options to find an electronic copy from an online subscription service or your local library:

  • Worldcat to find an electronic copy from an online subscription service
  • Google Scholar to discover other full text options