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Million-dollar US home loans surging ahead

Banks dishing out mortgages of up to US$10m; first-timers don't have it so easy

[WASHINGTON] Banks in the United States are handing out mortgages of as much as US$10 million to the wealthy in record numbers while first-time homebuyers struggle to get loans.

Erin Gorman, managing director at Bank of New York Mellon, said she's fielding more requests for home loans of...

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