Allaying some congressional concerns, the government released a study Tuesday that painted a largely favorable picture of high- loan-to-value lending.

The General Accounting Office study found that most borrowers use these loans to replace credit card debt. Consumers are attracted by lower interest rates, longer repayment terms, and tax deductions such loans can offer versus credit cards.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.