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Lenders easing borrower restrictions to get new business (access required)

Mortgage lenders are adjusting to market conditions and loosening their standards for loan applicants in order to attract more business, according to new data provided by Charlotte-based LendingTree. The lender said that down-payment amounts for a 30-year mortgage averaged 15.78 percent of the loan amount during the first three months of the year, down from 16.01 ...

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