Saturday, August 18, 2007

Borrowers, brokers face high hurdles for home loans (Provo Daily Herald)

SAN FRANCISCO -- Mortgage broker Ed Smith Jr. has been arranging home loans for 24 years and it's never been tougher for him to close a deal than during the past few weeks of turmoil.As more lenders collapse, the skittish survivors are raising their rates and changing the rules for getting a loan every few hours as they scramble to stay alive.

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[Source: Yahoo! News Search Results for home equity loan]

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