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Boston Globe: Home Is Where Their Hearts Are

October 26, 2008

AFFIL appeared in this article by Elizabeth Gehrman on October 26, 2008

Tapping into their own home-buying experiences and those of their neighbors, these four women fought to end predatory lending practices.

“It’s important to distinguish between a loan that is subprime and a borrower that is subprime,” says Jim Campen, executive director of Americans for Fairness in Lending, a national organization based in Boston. “Ostensibly, subprime loans were there to meet the needs of people who couldn’t get prime loans. But, in fact, often people who could qualify for prime loans are sold subprime because they’re more profitable. There was just an incredible abandonment of any kind of lending standards in 2005 and ’06.”

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