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Spike in Mortgage Rates Throws a Wrench Into U.S. Housing Market – Many buyers “are already stretching to begin with,” said Sleder, the San Diego broker, who works at West Coast Mortgage. “If it continues in this direction, it’s going to push more and more people out.

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An unregistered Vancouver mortgage broker may have arranged over half a billion dollars in loans, many of which could be based on falsified income records, according to a cease and desist order issued.

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