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Consumer Warns About Pitfalls in Financing Program for Home Improvement Projects – Jorge Andrade and Thomas Bavota are two consumers out of more than 21,000 in South Florida who have financed a home improvement. But when he tried to refinance his mortgage, he realized the PACE.
Greenspan Sees Bubbles in Housing – A sharp rise in mortgage rates could pop these local bubbles, some experts say. Homeowners with adjustable-rate loans will see their. guidelines on home-equity lending, advising financial.
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Big banks cede market share to nonbanks – Nationwide, overall lending has plummeted, but nonbank financial firms are capturing a bigger slice of the overall mortgage market, experts claim. Nonbank lenders like Quicken Loans. purchase loan.
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SQUEEZED DOWN – South Florida mortgage companies are laying off employees, closing offices and consolidating operations to cope with a drastic reduction in demand for loans. lending department from three to 21.
Foreign exchange: Will property investors turn their gaze overseas? – That is the prediction of many commentators whom Mortgage strategy spoke. cyprus: Lending has returned, with LTVs of 60-70 per cent and a minimum loan of 50,000. Be careful about local legal and.
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New FHA rules make it harder for condo buyers – As if things weren’t bad enough for the South Florida condominium. percent of FHA-insured loans are in delinquency or foreclosure, in large part because of high unemployment and poor and fraudulent.
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