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The New Regulations Countdown

February 1st, 2011

The New Regulations Countdown

Regulations-for-Mortgages-TighteningIn less than seven weeks, 35-year amortizations will disappear on high-ratio insured mortgages. At the same time, the limit on insured refinances will drop to 85% loan-to-value (from 90%).¹

 

Borrowers have no later than Thursday, March 17 to arrange a signed lender approval under today’s mortgage insurance guidelines.

 

This affects people that might ...