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Home » Store » Taxable » FTC Urges HUD to Allow High-Cost Loans in Packages

FTC Urges HUD to Allow High-Cost Loans in Packages

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The efforts of subprime lenders to get high-cost mortgages included in a packaging scheme proposed by the Department of Housing and Urban Development may get a boost from an unexpected quarter: the Federal Trade Commission. As part of its massive – and controversial – effort to reshape the mortgage origination process, HUD has proposed a scheme that would exempt packages that include a mortgage and settlement
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