Borrowing Trouble? II: Subprime Mortgage Lending in Greater Boston, 1999-2000
December 01, 2001
Last year, in response to numerous reports of the growth of predatory lending, both locally and nationwide, the Massachusetts Community & Banking Council (MCBC) — whose Board of Directors has an equal number of bank and community representatives — commissioned a study of subprime lending in the city of Boston and surrounding communities. The resulting report, Borrowing Trouble? Subprime Mortgage Lending in Greater Boston, 1999, was the first detailed look at subprime lending in the city of Boston and in twenty-seven surrounding communities. The present report updates that initial study with data on subprime mortgage lending during the year 2000.