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This lender plans to underwrite $1B in mortgages with no income, no asset verification – Austin, Texas-based 360 Mortgage Group just revealed that it will conduct a pilot program to test the viability of no-income, no-asset mortgage loans by originating up to $1 billion of them to finance.
Home Sales and Prices Rise in Texas – The Texas housing market saw 100,227 homes sold in the second quarter, an annualized increase of 2.8 percent, according to the Texas Association of Realtors. The second quarter also saw the median.
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