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Reuters: Crunch turns back clock on mortgage lending

Started by Sunite, May 27, 2008, 06:41:57 PM

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Sunite

Crunch turns back clock on mortgage lending
      


LOS ANGELES (Reuters) - As U.S. banks mop up the mess from billions of dollars of bad home loans, buyers are finding the days of cheap money are over and, in many cases, tougher versions of old lending rules now apply.
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