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Real Estate & Property Law

: Housing Wire

Banks Continue to Pull Back on Credit

By PAUL JACKSON

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The latest data from the Federal Reserve, released late Tuesday, paints an interesting contradiction for residential real estate lending: banks are continuing to pull back on credit, despite infusions of fresh capital via the U.S. Treasury’s Capital Purchase Program. And loan officers suggested the demand for residential mortgages is waning, despite a veritable flood of [...]

Full post as published by Housing Wire on February 03, 2009 (boomark / email).

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