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No Loans, No Buying. No Buying, No Recovery. Simple
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Yes, a lot of people who should never have gotten mortgages got loans anyway before the crash. But now people with perfect credit and enough cash for a big down payment are being turned down for mortgages. You can meet all the criteria and they'll come up with a reason not to give you a loan. No wonder the housing market's in trouble. (San Francisco Chronicle)
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