High-Loan-to-Value Lending: Information on Loans Exceeding Home Value

GGD-98-169 Published: Aug 13, 1998. Publicly Released: Sep 14, 1998.
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Pursuant to a congressional request, GAO provided information on high-loan-to-value (HLTV) loans, focusing on the: (1) characteristics of HLTV loans; (2) major organizations that provided HLTV lending; (3) volume of HLTV lending in 1995, 1996, and 1997, and the expected volume in 1998; and (4) benefits and risks of HLTV lending for borrowers, lenders, investors, and regulated depository institutions.

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