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Delaware-based Midland Mall LLC took out the mortgage on July 27, 2006. The loan matured, and rather than refinance, “the property owner felt that it is in the best interest to go this route,”.
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New mortgage rules announced Thursday by the Consumer Financial protection bureau require that banks and other mortgage lenders determine whether a borrower has the wherewithal to repay a loan.
Midland Mortgage is a division of a federally chartered savings association headquartered in Oklahoma City, which offers friendly service to customers nationwide.
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