Thursday, August 9, 2007

Door closes on easy mortgages (Atlanta Journal-Constitution)

Not long ago, financially strapped consumers with low credit scores - of, say, 600 - could obtain mortgages and call themselves "homeowners." But with the industry in turmoil, particularly for credit-troubled borrowers, local mortgage broker Brooks Campbell now has another name for them: "I think we'll be calling them 'renters.' " Subprime mortgages to risky borrowers, 100 percent financing and ...

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[Source: Yahoo! News Search Results for mortgages]

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