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Moderate US Pres. Pushes for Less Risky Loans

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06-22-2009, 05:37 AM

PatsFanInVa

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Moderate US Pres. Pushes for Less Risky Loans

Obama pushes for less risky home loans - Mortgage Mess- msnbc.com

Quote:

WASHINGTON - If President Barack Obama gets his way, consumers who take out mortgages would automatically get a "plain vanilla" loan — such as a traditional 30-year fixed-rate mortgage — unless they opted for a riskier variety.

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