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04/26/09
Older Borrowers, Out in the Cold
Filed under: General, Mortgages
Posted by: Lillian Wong @ 3:05 pm

YUBA CITY, Calif. — In 2006, Carol Couts, a 66-year-old widow in Yuba City, Calif., was living in her home, payment-free, when a mortgage broker persuaded her to refinance her no-cost mortgage for one that exceeded her monthly income by more than $400.  more…


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