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US unveils plan to loosen mortgage rules

To reassure mortgage lenders, govt will relax terms of its bad loans buy-back policy
Wednesday, October 22, 2014 - 05:50

New York

FOR years, politicians, housing advocates and potential homebuyers have complained that tight credit policies after the housing market crash have kept too many deserving people from qualifying for mortgages.

Now the government is taking steps that it says it hopes will