Bostic, Raphael W; Engel, Kathleen C; McCoy, Patricia A; … - 2008
balloon payments. These laws function alone or alongside more comprehensive mini-HOEPA laws. As home mortgage default and …The subprime mortgage market, which consists of high-cost loans designed for borrowers with weak credit, has grown … others in the mortgage industry claim that the laws drive up the cost and reduce the availability of credit, especially to …