Ho, Giang; Pennington-Cross, Anthony - Federal Reserve Bank of St. Louis - 2006
hearings, the Federal Reserve Board of Governors
strengthened the existing Home Ownership and Equity Protection Act (HOEPA) as …
closed-end home equity loans that meet APR and upfront finance fee triggers. Home
purchase loans and other types of lending … backed by a home, such as lines of credit, are
not covered by HOEPA.
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However, rising foreclosure rates, the …