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Survey: Mortgage Rates Holding Steady (KGO-TV Bay Area)  Long-term mortgage rates were generally unchanged this week.read more...


Muskoka-bound crowd flocking to Blue Sky country  The four-laning of Highway 11 and a surging local economy is paying some dividends in North Bay's construction sector.read more...


Road Games  Tom Starr was all set. He and his wife found their dream house in East Earl Township, one with plenty of yard for their two young children.read more...


Mortgage rates fall as inflation rises (Bankrate.com via Yahoo! Finance)   Mortgage rates dropped this week, even as the government was reporting that inflation is running higher than expected.read more...


New and Existing Home Sales Point To Contradictory Conclusions  It all depends on who you ask and when you ask them. Two more housing surveys were released this week with very contrary results and it seems ever more clear


Polk Naturefest Set Saturday  read more...

March 31st, 2007

Industry tightens standards on ‘no proof’ loans

Designer mortgage loans that don’t require borrowers to prove how much money they earn or make downpayments are getting much of the blame for the wave of defaults racking the subprime mortgage industry.
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