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Don't have stellar credit?
But the program applies only to borrowers with stellar credit.
Buyers must have stellar credit and stable employment, as they must qualify for mortgages, too.
Companies with less than stellar credit are issuing hundreds of billions of dollars of bonds.
Bobby and Katie Smith have stellar credit, tiny student debt and a combined six-figure income.
It was hard enough for people with stellar credit to get loans.
Chicago resident Ida Mae Whitley, 62, used to have stellar credit.
Similar(4)
Those with less-than-stellar credit scores face even more difficult times.
The squeeze is particularly severe for customers with less-than-stellar credit scores who need subprime loans at higher interest rates.
The yield on so-called junk bonds, the bonds of companies with less-than-stellar credit ratings — which therefore carry plenty of risk — is around 5.5percentnt.
Some legislators and consumer advocates have criticized brokers specializing in subprime mortgages — loans typically offered to borrowers with less-than-stellar credit ratings.
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