Bad news for jumbo mortgage loans
Buyers of pricey houses are finding that money has suddenly become more expensive to borrow. Ditto for loan applicants who don’t want to prove that they told the truth about their incomes.
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Up to 40 percent of homeowners facing mortgage stress (The New Zealand Herald) Mortgage pressures are expected to force a growing number of people to look for less expensive homes in the year ahead. The issue has been thrust into the spotlight following