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    Retirees may find they don't qualify to refinance their mortgages

    Sun, 05/27/2012 - 03:00 EDT - LA Times

    Although retirees may have significant financial assets in retirement accounts, their diminished monthly incomes may not be sufficient to meet some lenders' hyper-strict underwriting rules.WASHINGTON — It's a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: Although they may have significant financial assets tucked away in retirement accounts, their diminished monthly incomes may not be sufficient to meet some lenders' hyper-strict underwriting rules.

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