Alternative Mortgage Transaction Parity Act

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Alternative Mortgage Transaction Parity Act

United States [1982]

Also known as: AMTPA

Learn about this topic in these articles:

subprime lending

In subprime lending
Two years later the Alternative Mortgage Transaction Parity Act (AMTPA) lifted restrictions on the use of variable interest rates and balloon payments. Although those two laws opened the door for the development of a subprime lending market, what made subprime lending viable on a large scale was the Tax…
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