Home Equity Reform for Texas
tx-policy-rpt.pdf
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October 15, 2002
As most subprime lenders will explain, risk-based pricing is not necessarily a bad
thing. Subprime lendingthe practice of setting a higher price on a loan to a riskier
borrowerhas enabled families with a history of problem credit to get homes. Homeownership brings asset growth through equity building, and the vast
majority of these borrowers pay their new mortgage in full and on time
thing. Subprime lendingthe practice of setting a higher price on a loan to a riskier
borrowerhas enabled families with a history of problem credit to get homes. Homeownership brings asset growth through equity building, and the vast
majority of these borrowers pay their new mortgage in full and on time