Mortgage lenders denied one in four applicants last year

Mortgage lenders denied one in four applicants last year

For months now, the National Association of Realtors has been pinning the slow housing market in large part on mortgage standards that it says have tightened too much in response to the crisis that overly lax standards created. A new Wall Street Journal analysis backs this up, reporting that the nation’s 10 largest mortgage lenders denied more than one in four loan applications last year.

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