Mortgage News
Bank Regulators decide upon Mortgage Rules and Regulations
| Shared by Samantha on Sun Jul 01, 2007 11:20 pm | |
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Banking regulators completed guidelines for lenders so that they can evaluate a borrower's ability to pay off the home loans. This has been initiated in response to the troubled housing market where home prices have been going down and loan defaults have been on the rise. Source: http://www.forbes.com/feeds/ap/2007/06/29/ap3871537.html |
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