![Senator Headshot](/sites/default/files/styles/4_3_small/public/%2802-04-13%29%20Klein-HS-001.jpg?itok=l71sPrUc)
Klein Releases Report On Sub-prime Lending Crisis
Jeffrey D. Klein
May 8, 2007
![](/sites/default/files/styles/760x377/public/itn1203.jpg?itok=6rBfzeW-)
In some cases, sub-prime borrowers are drawn in by a low introductory rate, which then sharply increases within a few years, making it difficult if not impossible to keep up with monthly payments. Unless they can refinance their loan or sell the house, the borrower can lose their home.
Share this Article or Press Release
Newsroom
Go to Newsroom![](/sites/default/files/styles/760x377/public/riverfest_band_orleans_-_6.7.16.jpg?itok=59AdpkBV)
![](/sites/default/files/styles/760x377/public/childcare_performance_card_-_6.2.jpg?itok=L9xjDZdO)
![Senator Jeff Klein with Judy Lanci, president of Theodore Korony Auxiliary, Pat Devine, chairman of the Bicentennial Veterans Memorial Park Incorporated, and local veterans at The Bicentennial Park Veterans Memorial Park Ceremony](/sites/default/files/styles/760x377/public/memorial_day_honoring_photo_2.jpg?itok=jS-7c0vU)