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Homebuyers Confront Credit Crunch as Coronavirus Puts Lenders on Edge (access required)

Nearly half of all Americans financed their home purchases with down payments of less than 20% last year, according to a new analysis by Redfin (www.redfin.com), the technology-powered real estate brokerage. As the coronavirus pandemic sends shockwaves through the U.S. economy and banks fight financial uncertainty with tightened mortgage lending standards, roadblocks have been created ...

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