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Home » Store » News » Few Higher-Priced Mortgages Under New Rules

Few Higher-Priced Mortgages Under New Rules

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A change in the definition of “higher-priced loans” last year resulted in reduced market share for such mortgages, according to Home Mortgage Disclosure Act data released last week by the Federal Reserve. Industry participants had warned that the revised proxy for subprime mortgages would capture an increased share of... [Includes one graph]
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