The Consumer Federation of America announced Tuesday a recent study that looked at subprime lending by city, state and region. Nearly 5 million mortgages covered under the Home Mortgage Disclosure Act were reportedly reviewed. "The significant variation of subprime refinance lending between different regions and metropolitan areas may reflect the extent to which local mortgage markets are competitive and transparent or the existence of predatory lending and not simply, variations of creditworthy borrowers" said a CFA director in the announcement.
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