Then you can discover toward graph where in fact the interest levels had been throughout these million financing that individuals checked
The fresh HMDA data shows that the item which is on the market by subprime loan providers is mainly this new refinance mortgage, sometimes having an incredibly minimal advantage to the latest borrower which you to definitely restricted work for may have been exactly why you to definitely debtor are keen on brand new subprime loan, particularly some funds or merging personal debt or a home improve. (mais…)
