New Study Questions Mortgage-Feature Restrictions

28 Sep 2010

A study by the Mortgage Bankers Association questions whether mortgage features restricted under the Dodd-Frank Act will reduce the number of defaults in the U.S.

A study by the Mortgage Bankers Association questions whether mortgage features restricted under the Dodd-Frank Act will reduce the number of defaults in the U.S. The study of mortgage features from 12 developed nations found new restrictions, such as longer terms, interest-only periods and flexible payment designs are ...

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