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Friday, October 24, 2014

Lenders Facing Soaring Costs Shutting Out U.S. Homebuyers

Lenders Facing Soaring Costs Shutting Out U.S. Homebuyers - Bloomberg

The higher costs and concerns about buybacks are driving the decline in mortgages for home purchases. It will slow to $635 billion this year, a 13 percent drop from 2013, according to MBA estimates.

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