Tuesday, September 4, 2007

Mortgage Tightening Revealed

Last week&039;s LA Times featured a good overview of how getting a mortgage has become both more difficult and more expensive for many California homebuyers across the creditworthiness spectrum. The article sums up the problem like so: Because mortgage investors stung by growing defaults in the sub-prime sector are shunning all but the most traditional loans, creditworthy borrowers are getting hammered if[...]

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[Source: The Money Blogs]

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