There is little difference in the foreclosure rates on LMI mortgage loans vs. conventional mortgage loans.

Name: There is little difference in the foreclosure rates on LMI mortgage loans vs. conventional mortgage loans.
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Question

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LMI (Low and Moderate Income) mortgage loans often have higher foreclosure rates compared to conventional mortgage loans due to factors such as higher interest rates, less favorable loan terms, and the financial instability of the borrowers.

There Is Little Difference in the Foreclosure Rates on LMI