Tag Archive | "banks"

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Congressman Fights to Change Mortgage Industry

New legislation may make it more difficult for anyone to take out a loan, particularly those in unconventional circumstances. Congressman Barney Frank is currently pushing legislation that would require banks to hold on to at least a portion of each mortgage they create, instead of selling the entire loan to investment groups. A recent Reuters [...] [...more]

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Non-Conforming Mortgage Loans from Traditional Lenders

If you cannot meet conforming lending guidelines (such as a down payment and a high credit score), you may still be able to take out a non-conforming mortgage from a traditional lender. Taking out a non-conforming mortgage is almost always more expensive than taking out a traditional loan. However, it can be much cheaper than [...] [...more]

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