Sandra Phillips


This article discusses the growing problem of predatory lending, particularly in low-income, inner city neighborhoods, with a case study of communities in Syracuse, New York. The author documents mortgage lending activities and foreclosure patterns in central New York and argues for continued education throughout the home-buying process. A program that reduced foreclosures in low-income urban neighborhoods is discussed. The article also identifies red flags for those involved in the eradication of predatory lending to be altered to, and examines recent federal legislation to strengthen mortgage lending guidelines and reduce foreclosures. The author concludes that Congress should support foreclosure-prevention education initiatives.