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More Documentation Needed for Loan Approval Today
CFPB seeks more clarity for borrowers
June 25, 2012
By SAM SPATTERThe Pittsburgh Tribune-Review - McClatchy-Tribune Information Services
Strict rules now used by lenders to qualify home buyers for mortgages are a direct result of the relaxed requirements during the housing boom in the mid-2000s that led to the Great Recession and millions of foreclosures, experts say.
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