Helping Tulsa victims of predatory lending practices

Oklahoma residents now have the chance to get out of a bad home loan situation. <br/><br/>Local housing lenders and the Fannie Mae Foundation have teamed up to announce a $2-million refinance initiative.

Monday, June 14th 2004, 10:26 am

By: News On 6

Oklahoma residents now have the chance to get out of a bad home loan situation.

Local housing lenders and the Fannie Mae Foundation have teamed up to announce a $2-million refinance initiative. The goal is to help victims of predatory lending obtain reasonable loans.

Due to excessive fees and rates, many predatory loan victims have credit profiles that keep them from getting conventional financing.

Tulsa area residents who believe they have been a victim of predatory lending should contact the Tulsa Housing Authority at 581-5907.