The number of loans made to home buyers rose by 25% between February and March, to 45,000. And borrowing by first-time buyers rebounded faster than that by existing home owners, the CML said. But it warned that mortgage rationing might continue for many years unless the new government helped lenders raise finance.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio