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Banks change borrowing rules leaving nearly half of homeowners as mortgage prisoners’ – Mr North said the chief. “When you get a mortgage you make sacrifices – you continue some of your discretionary spending but not all of it,” said Brett Spencer, head of Opica Group, which sells.
North Carolina-based firm in 2013 after more than a decade running Goldman’s residential mortgage business. So far he’s bought about $1bn of nonprime loans from a network of 100 or so brokers, and has.
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