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The Battle for a Mortgage

By Art C Ryter at 04/04/07 10:30

Asserts that foreclosures affect the real estate market as a whole making it more difficult for all borrowers to find financing for housing purchases in 2007. As lenders are hit with the potential of rising losses due to the subprime market implosion, they are less reluctant to lend or refinance at reasonable rates to people with good incomes and assets as collateral.

Original source: The New York Times. The Battle for a Mortgage

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