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Home » Store » Taxable » Subprime Coalition Takes Aim at New HMDA Data

Subprime Coalition Takes Aim at New HMDA Data

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With the clock ticking on the disclosure deadline for Home Mortgage Disclosure Act reports, a coalition of subprime lenders has taken aim at what could be problematic new loan pricing disclosures. For the first time this year, lenders filing HMDA reports will have to disclose the spread on loans with interest rates that exceed Treasury securities by 3 percent or more. The Federal Reserve Board said the new information will give researchers a better…
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