Why is the U.S. mortgage market broken? Watch the video to find out.
found that applicants for small-dollar loans had similar credit profiles to applicants for larger loans."One barrier for small-dollar mortgages is that it's just not as profitable for lenders to do them," according to Janneke Ratcliffe, vice president of the Housing Finance Policy Center at the Urban Institute.
Watch the video to find out more about how the mortgage market is broken and what the U.S. can do to improve it. Correction: Prior to the pandemic, in 2019, more than a quarter of home sales nationwide were for houses priced below $100,000, according to the Urban Institute. An earlier version misstated the time frame.
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