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Tag Archives: mortgage qualifying
Many homeowners in Arizona and California will find out if they will be able to refinance their “upside down” homes tomorrow. The Initial “HARP” Home Affordable Refinance Program was rolled out in 2009. It was designed to help refinance “underwater” homeowners … Continue reading →
Despite the economy’s improvement and prodding from Congress, banks don’t seem ready to open their purse strings just yet. Nationally, mortgage approval standards are tightening. The data comes from a quarterly survey the Federal Reserve sends to its member banks. The … Continue reading →
Getting approved for a home loan isn’t getting easier, but it doesn’t appear to be getting much more difficult, either. In its quarterly survey to member banks, the Federal Reserve asked senior bank loan officers whether “prime” residential mortgage guidelines … Continue reading →