“Once Trusted Mortgage Pioneers, Now Pariahs”
December 29, 2008 | Center for Responsible Lending | Comments (0)…reads the headline of a New York Times article on Herbert Sandler, the founder of the Center for Responsible Lending.
The Sandlers’ giving intersected most directly with their business interests in 2002 when they helped create an advocacy group for low-income borrowers called the Center for Responsible Lending.
The center was the successor to a smaller organization in North Carolina, whose director, Martin Eakes, had helped the elderly and minorities avoid predatory banking practices.
“I said, ‘Isn’t that incredible what he is doing?’ ” Mr. Sandler recalled. “I said to Martin, ‘What would it take to do what you do on a national scale?’ ”
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