California real estate loan risk levels increase - 2006-01-17
Lending institutions in California have elevated their scrutiny of home loan applications due to higher default risk, the result of a change in sales patterns and of a real estate market nearing the end of its boom cycle, a consumer Web site reported. Risk levels for new mortgages statewide climbed 28.6 percent from the first half of 2005 to the second half of the year.
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