Wednesday, May 2, 2012

Business Insider: Tight lending standards are #1 reason housing recovering is slow

In a report by David Zervos of Jeffries & Co., the number one reason for the continued sluggishness in the U.S. Housing Market is tight lending standards.  Specifically, in addition to very stringent credit standards, Zervos cites the larger than normal spread between what bank's pay for funds and what they charge for home loans.

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