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Naples Real Estate News - 05/21/07

May 22, 2007 Posted in Real Estate News

SUBPRIME MORTGAGES

Federal banking regulators are giving lenders more flexibility to restructure high-interest rate mortgages for homebuyers with poor credit in an effort to stave off foreclosures. However, federal regulators canâ€™t do more because many of the most-troubled loans originate from independent lenders.

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