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 Issue of June 25, 2007 
   

Time Crunch
Tightening Standards Pose Barrier to Borrowers Seeking to Refinance Adjustable-Rate Mortgages


Part Two of a Two-Part Series
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.

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