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Legislation would aid access to mortgages (The Cincinnati Enquirer)
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First-time homebuyers and people with poor credit would have greater access to federally insured mortgages under bipartisan legislation lawmakers are likely to take up this fall.
Regional banks confident on mortgages (The Record)
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Three of the larger regional banks that lend money for mortgages in North Jersey said Monday that they have not needed to tighten standards on loans for borrowers with less-than-stellar credit because they never made those types of loans in the first place.
Get Low Payments with Interest Only and Adjustable Rate Mortgages (Benton Evening News)
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(ARA) - There are so many types of mortgages programs available to home buyers that it can get difficult to keep them all separate. One of the latest types of programs that many people are taking advantage of is the Interest Only Mortgage option.
Many mortgages are turning toxic (The Salt Lake Tribune)
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When Linda Martin refinanced the mortgages on three different houses nearly three years ago, she thought the lower monthly payments would help her save more money for retirement.
Subprime mortgages proved to be the ultimate risk (Pioneer Press)
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It wasn't different this time either, was it? Wall Street's promise that pools of subprime mortgages would shower high yields on investors without the commensurate risk proved as nonsensical as the 1990s pitch that dot-com companies thrived on clicks, not profits.
Homebuyers Go For Flexible Mortgages (Ananova)
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More homeowners are now opting for variable rate mortgages than fixed rate ones as consumers speculate that interest rates may have peaked, new figures have shown.
NovaStar stops offering wholesale mortgages again, lays off 500 (Market Watch)
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SAN FRANCISCO (MarketWatch) -- NovaStar Financial said on Friday that it has stopped offering mortgages through its main wholesale business, less than two weeks after the company re-started the unit.
Missed signs led to mortgage meltdown (International Herald Tribune)
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The extent of the turmoil has stunned much of Wall Street, but as one case makes clear, there were ample warning signs that a financial time-bomb in the form of subprime mortgages had been ticking quietly for months, if not years.
NovaStar stops offering wholesale mortgages again, lays off 500 (MENAFN)
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NovaStar stops offering wholesale mortgages again, lays off 500
Credit time bomb ticked, but few were listening (International Herald Tribune)
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There were ample warning signs that a financial time-bomb in the form of subprime mortgages was ticking quietly for months, if not years.
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