Paperback: 22 pages
Publisher: BiblioGov (June 27, 2013)
Product Dimensions: 7.4 x 9.7 inches
Format: PDF ePub TXT book
In response to a congressional request, GAO determined: (1) what proportion of conventional mortgage loans exceeded the statutory conforming loan limit of $108,300 in 1983; (2) how interest rates and fees paid by borrowers for conventional loans which exceeded the 1983 limit differed from those paid by borrowers for conventional conforming loans; and (3) what income a hypothetical borrower would need to qualify for the maximum conforming loan in ...