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Tag Archives: Top Stories of 2012

Housing Crisis to End in 2012 as Banks Loosen Credit Standards

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago. Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes ""the clearest sign yet of an improvement in mortgage credit conditions.""

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Bipartisan Agreement Reached on Bailout Legislation

Treasury Secretary Henry Paulson and Congressional leaders worked late into the nights over the weekend and have finally reached a bipartisan agreement on the specifics of the bailout legislation. According to Senate Majority Leader Harry Reid, a real breakthrough didn’t come until 11:30 p.

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