US Government Bodies Want Flexibility from Mortgage Lenders
Published September 5th, 2007 in Uncategorized. Tags: fixed mortgage, fixed rate, mortgage rates, variable rates.The Journal is reporting that US regulatory bodies are pushing mortgage lenders to work to avoid foreclosures in their mortgage portfolios by easing rules on borrowers. Borrowers continued to get pummeled by variable rate mortgages, with foreclosures in some areas up as much as 500%.
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