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October 22, 2014

New rules may help spur U.S. home loans

  • But critics say abandoning the 20-percent down payment could bring a return to the dangerous days of borrowers taking on mortgage loans that they can't repay.
    • By MARCY GORDON
    AP Business Writer

    WASHINGTON — Buying a home may have gotten a little easier this week.

    With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market.


     
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