Losing a family home to foreclosure is a source of trauma for many people. For Arnold & Porter’s Amber Hay, it also served as an inspiration to help make the financial system work better for everyone.
Hay, a senior associate at the firm, said that her father pursued his dream of owning a home in Detroit prior to the 2008 financial crisis. Unfortunately, like many people prior to the crisis, he didn’t understand the terms of the subprime mortgage he signed on to and ultimately lost the home, Hay said.
Preventing the types of conduct that cost millions of Americans ...
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