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Bernanke to the Rescue for Homebuyers of the Future?
financeblogonline.com — Bernanke to the Rescue for Homebuyers of the Future?Dubious lending practices and borrowers less-than-educated in the realities facing them under certain borrowing terms could be a thing of the past. At least if Ben Bernanke has his way. Next week the Fed will be issuing new rules that seek to protect homebuyers
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- Fangsinmybeard, on 07/09/2008, -0/+8Actually it will protect the investment banks and eliminate over 20 million eligible new home buyers by 2012. The banks a through with lending money to buy homes.
- MarkusGarvey, on 07/09/2008, -0/+4they wont loan to build new homes either...one of my friends is worth well over a million, w/ perfect credit, and every bank she went to turned her down...she ended up getting money from a hard money lender a 13%!...she is just gonna pay it off when the project is done...
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