Industry News

More ARM borrowers switching to fixed-rate loans

Mortgage payment index shows uptick in prime loans
Published on Jun 14, 2007

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by CareyBot

The mortgage lending market is self correcting, with lenders tightening underwriting guidelines and shifting to more secure mortgages, according to the latest quarterly index compiled by a University of Pennsylvania expert on lending. Susan M. Wachter, professor of Real Estate ...

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