How are ACORN fighting predatory lending?


ACORN are the Association of Community Organizations for Reform Now. ACORN are trying to limit predatory lending as much as possible through a national campaign. Established in 1970, ACORN spread over the US, Canada, Argentina, Mexico, Peru and the Dominican republic. They are an organization of low and moderate income families uniting for a stringer society.

ACORN campaigns target achieving better housing, better education, higher safety level, more affordable health care. One of the most recent ACORN campaigns targets predatory lending.

Predatory lending has become a concern to the ACORN organization as homeownership has become a nightmare. To curb predatory lending, ACORN promotes more restrictive legislation to lenders and better homeownership education to borrowers.

ACORN Protects Low Income And Minority Households

Predatory lenders find it easy to sell expensive and dangerous loans to borrowers who have little or no understanding of homebuying transactions. ACORN members have been trying to limit harmful predatory lending practices by identifying predatory lenders and demanding stricter regulations to lending practices.

Additionally, people from ACORN are trying to offset the effect of predatory lending by increasing public awareness and education regarding home loans. ACORN also involve in distributing information about preventing and avoiding foreclosure, identifying mortgage scams and how to seek help in case foreclosure is on the way.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
Was this Mortgage QnA helpful?
Not at all
  • Currently 2.9/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
Add to this Answer

Mortgage QnA is not a common forum. We have special rules:

  • Post no questions here. To ask a question, click the Ask a Question link
  • We will not publish answers that include any form of advertising
  • Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
If you have trouble reading the code, click on the code itself to generate a new random code. Verification Code Above:
Bookmark and share this QnA: