The Federal Reserve Board announced that its site now has an online Mortgage Comparison Calculator that allows consumers to compare monthly mortgage payments and the amount of equity they will build for up to six types of fixed- and adjustable-rate mortgages. Mortgage Hub released a lite version of its The Construction Lender software for use by smaller lenders. Nylx Inc. launched "an all-in-one product-eligibility and pricing engine that allows mortgage brokers to price and make loan decisions instantly," the company reported.
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