Home Equity Fraud

Public Citizen officials released a survey alleging that members of low-income, elderly, and minority groups had been victims of home… read more

Public Citizen officials released a survey alleging that members of low-income, elderly, and minority groups had been victims of home equity loan scams, whereby lenders convinced homeowners into signing second mortgages with high interest rates and fees. They also took questions from the press. In August, Congress passed the Home Ownership and Equity Protection Act, designed to combat home equity fraud and abuse, though at this time it was still waiting for President Clinton to sign it into law. close

Report Video Issue

People in this video

More People

Hosting Organization

More information about

Home Equity Fraud

39 Views
Program ID:
59936-1
Category:
News Conference
Format:
News Conference
Location:
Washington, District of Columbia, United States
First Aired:
Aug 31, 1994 | 10:03am EDT | C-SPAN 2
Last Aired:
Sep 03, 1994 | 4:16pm EDT | C-SPAN 1

Airing Details

  • Aug 31, 1994 | 10:03am EDT | C-SPAN 2
  • Aug 31, 1994 | 3:45pm EDT | C-SPAN 2
  • Aug 31, 1994 | 6:36pm EDT | C-SPAN 2
  • Sep 03, 1994 | 4:16pm EDT | C-SPAN 1
Purchase a Download

Home Equity Fraud

  • MP4 video - Low
    Price:
    $3.99
  • MP4 video - Standard
    Price:
    $4.99
  • MP3 audio - Standard
    Price:
    $0.99