Tag Archives: homebuyers

Some Banks Help Keep Mortgage Holders Out of Default, Studies Find

COLUMBUS, Ohio – While the nation’s foreclosure crisis has focused blame on bad loan practices by some lenders, new research shows how some banks may have actually reduced the default risk of their homebuyers.

Researchers found that low-income homeowners who received a mortgage from a local lender were less likely to default on their loans than are those who borrowed from a more distant bank or mortgage company. (more…)

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