Industry News

Subprime borrowers at higher risk of prepayment penalties

Costs jeopardize home equity, refinance
Published on Jan 13, 2005

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by CareyBot

People with subprime home loans who live in minority neighborhoods face 35 percent greater odds of being saddled with prepayment penalties than borrowers living in predominantly white neighborhoods, according to new research from the Center for Responsible Lending. Also today, ...