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New Mortgage Rules Expected To Soften

New Mortgage Rules Expected To Soften

| Aug 16, 2013 | Housing Market

President Obama called for change during his State of the Union address saying that strict mortgage rules are keeping young first-time home buyers from buying a home. The President implored, “let’s streamline the process, and help our economy grow.” Bloomberg News reported that, by the end of summer 2013, banking regulators may be proposing a more attainable set of rules in hopes of attracting a larger number of first-time home buyers. More here

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