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The Realities of Real Estate: HUD revisions enhance ability to shop for home loan

Capital Gazette Communications
Published 12/27/09

When we saw the real estate bubble burst in late 2008, much of the blame focused on how people get a home loan and the idea that lending procedures allowed many buyers to unknowingly borrow more than they could afford.

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Easy money and exotic loans had the effect of driving up home prices, only to have it all come crashing down, when teaser rates adjusted and significant numbers of homeowners suddenly found themselves slipping off into the deep end of the pool.

Even before the crash took place, the wheels were already in motion by government regulators to improve transparency in lending and enhance a borrower's ability to...

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