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Get The Impact Of State Anti-Predatory Lending Laws - Cornell Law School - Lawschool Cornell

Chool of Law* Carolina Reid, Federal Reserve Bank of San Francisco Lei Ding, Wayne State University Roberto G. Quercia, University of North Carolina at Chapel Hill By the end of 2007, thirty states and the District of Columbia had passed some sort of subprime mortgage regulation statute, while the remaining states left the subprime mortgage market unregulated. Were these state mortgage laws effective in restraining risky mortgage lending and mitigating the surge in foreclosures? Our study takes.

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