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EmailBernanke: Tight lending standards threaten housing market
Lift needed for market showing signs of life after collapse
Recovery of the U.S. housing market is being held back by lending standards that are too tight, Federal Reserve Chairman Ben Bernanke said. He said tighter standards were previously justified. "However, it seems likely at this point that the pendulum has swung too far the other way, and that overly tight lending standards may now be preventing creditworthy borrowers from buying homes," Bernanke said.
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