What to do about mortgage brokers and lenders who don't play fair?

July 11, 2007
The line outside Ed Kramer's office seemed never-ending. Every day, more people filed into the Cleveland fair housing lawyer's office with tales of foreclosure. And there was an unmistakable pattern: Nearly all were poor people of color, and all had been locked into unaffordable loans, with high interest rates and exorbitant broker fees.
     For every foreclosure plight Kramer and his firm, Housing Advocates Inc., took on, he learned that 20 others, with claims just as good, had lost their homes because of a predatory loan. There was no way to represent everyone in need. Kramer's law practice had only a handful of attorneys; resources were stretched thin.