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| Issue of June 25, 2007 |
![]() Time Crunch Tightening Standards Pose Barrier to Borrowers Seeking to Refinance Adjustable-Rate Mortgages
By Amy Wyeth With lenders now requiring more equity, more income documentation and higher credit scores, fewer subprime borrowers are able to refinance out of adjustable-rate loans. And for many borrowers whose rates have gone up or are about to reset, the clock is ticking. Subscribers, click here to read entire story | Click here to purchase a subscription
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