Friday, September 23, 2011

Fed: Tight credit, lack of equity hurt refinancing (AP)

AP - About 2.3 million homeowners could have refinanced their mortgages last year if they didn't owe more than their homes were worth or if lending standards weren't so strict, according to a Federal Reserve study released Thursday.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20110922/ap_on_bi_ge/us_mortgage_refinancing

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