asked 216k views
2 votes
The practice of intentionally targeting borrowers in poor or underserved areas with expensive high-cost loans is known as:

1 Answer

5 votes

Answer:

Reverse redlining

Step-by-step explanation:

Reverse redlining means the practice that target the neighborhood specially the non-white for the greater prices or lended the non-fair terms like lending used for predatory with respect to the subprime mortgage

So as per the given situation, it is the reverse redlining as it is targetted to the borrowers or the areas having high cost loans

So, the same should be considered

answered
User Nayan Katkani
by
8.3k points
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