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Volume 2010 - Number 17

August 20, 2010

Fed Proposes Revision of ‘Higher-Priced’ Definition

The Fed this week proposed revising the definition of a “higher-priced mortgage” in an effort to ensure that prime loans are not improperly classified as such loans and subject to tougher rules under the Home Ownership and Equity Protection Act. The Fed said it proposed the change due to...

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