The proportion of borrowers obtaining higher-priced loans is not geographically uniform but varies widely by region and by city. For example, in many of the metropolitan areas of the South and the Southwest, 30 percent to 40 percent of homebuyers taking out conventional loans in 2004 took out higher-priced loans. In other areas of the country, the proportion was much smaller.
And when possible, the agencies will act to implement regulatory burden relief before the end of the EGRPRA review period.