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Small Bank’s ‘Lite Doc’ Loans More Stringent than Low Doc of Yore

Small Bank’s ‘Lite Doc’ Loans More Stringent than Low Doc of Yore

July 7, 2016
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Quontic Bank, a Community Development Financial Institution in New York, is offering a product reminiscent of crisis-era no-doc and low-doc loans. But does this "Lite Doc" loan carry the same risk?

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