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A major stumbling block for potential borrowers, the MBA's chief executive David H. Stevens says, are "credit overlays."
Number crunch demonstrates how the share of new home sales has been off the norm for years.
The Washington Post reports that sales of existing homes shot up in July, but sales of newly built homes fell.
Points presented aim to encourage lenders to reach more borrowers
Two similar homes less than a mile from one another can have a price difference of $100,000
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