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Loan Modification

: The Truth About Mortgage.com

Alt-A, Interest Only Loans Fade Away

By scot184

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Despite residential lending holding up pretty well during the first quarter (thanks to the record low rates), Alt-A and interest-only lending dropped off a cliff, according to data compiled by National Mortgage News. Total residential home loan production was off just 12 percent in the first quarter of 2009 compared to a year earlier, but the [...]

Full post as published by The Truth About Mortgage.com on June 17, 2009 (boomark / email).

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