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Eventually, as we all know, the bubble burst and subprime lending all but disappeared, driven into exile by new regulations like the Qualified Mortgage and Ability. University of North Texas.
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BOSTON (Reuters) – General Electric Co.’s (GE.N) WMC Mortgage subprime. as well as Addison, Texas. Following the cuts, WMC will employ about 700 people, spokeswoman Brandie Young told Reuters. “We.
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An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).
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