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Mortgage lending standards ease for lower-risk borrowers

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It became a bit easier for homebuyers to get a mortgage in the first quarter, but only ‘prime’ and ‘low-risk’ borrowers are seeing improvement, Dow Jones Newswires reported.

According to Federal Reserve data, nearly 10% of banks eased lending standards for prime and low-risk borrowers, while Americans with spottier credit histories are still struggling to gain access to mortgage credit.

 

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