Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

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Mortgage lending demand picks up as housing improves

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In the boom time of housing, there were an abundance of lenders spreading funds to all sorts of borrowers.

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But with major mortgage lenders including BofA, Citigroup (C) and Morgan Stanley (MS) today burdened by MBS liability and tough mortgage memories, there may be a shortage of willing lenders, especially at the margin of borrower qualification.

Source: Seeking Alpha
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