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St. Louis Real Estate - What the Hell Happened to the Mortgage Industry?

As the dust of the collapse of the 10th largest mortgage company in the United States starts to settle http://money.cnn.com/2007/08/03/news/companies/american_home.reut/index.htm the mortgage industry is being faced with its greatest change in lending policies in years. As fast as you can hit send/receive, investors are sending out e-mails with changes for their product guidelines.

 

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