So I was doing a little back-of-the-envelope number here, and I think you found in the vicinity of a 0.02-percent increase in the default rate.
Jeff Merkley: “So I was doing a little back-of-the-envelope number here, and I think you found in the vicinity of a 0.02-percent…”
On the recordMarch 28, 2011
Source
congress.govEditor's note · Context
Merkley discusses the minimal impact of down payment increases on mortgage default rates.
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