Refis Actually Did More Damage During The Housing Crisis -UI

Refis Actually Did More Damage During The Housing Crisis -UI

Conventional wisdom, the lending version, holds that refinance loans are inherently less risky than purchase loans, but a recent analysis from the Urban Institute (UI) refutes this contention.  In fact, Linda Goodman, Co-director of UI's Housing Finance Policy Center says rampant refinancing probably played a major role in the housing crisis.

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