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Mortgage meltdown changes the rules

Story By: Abby Lane
Source: AP

Colorado Springs Published 121 day(s) ago

The mortgage meltdown highlighted flaws in the system. The mortgage industry has clamped down on requirements, weeding out people who are likely to suffer foreclosure. But the meltdown has dried-up pools of money, making it harder to everyone to borrow, even qualified candidates.

TODAY’s Meredith Vieira talked to CNBC’s Carmen Wong Ulrich about tips for buying, selling and maintaining your home during tough economic times.

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