An elderly homeowner has significant equity in a paid-off property. An MLO originates a cash-out refinance loan with an 18% debt-to-income ratio but charges 8 points in origination fees, a mandatory life insurance premium financed into the loan, and a home warranty product the borrower did not request. The borrower's equity decreases by $42,000 at closing. This scenario is most consistent with which predatory lending practice?

Steering, because the borrower was directed away from a HELOC Equity stripping, because fees and unnecessary products consume the borrower's home equity Redlining, because vulnerable demographic groups are targeted Loan flipping, because an existing mortgage is being replaced