Industry News

Abusive real estate loans lead to home loss

Foreclosure risk surges in subprime mortgages, study finds
Published on Jan 26, 2005

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by CareyBot

Predatory loan terms, namely prepayment penalties and balloon payments, increase the risk of mortgage foreclosure in subprime home loans, even after controlling for the borrower’s credit score, loan terms and varying economic conditions, according to a report by the Center ...