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Mortgage lending at 14 year low

Mortgage lending declined to the lowest level in 14 years in the first quarter, as homeowners pulled back sharply from refinancing and house hunters showed little appetite for new loans. http://online.wsj.com/news/articles/SB10001424052702304788404579522051733228402?mod=WSJ_hp_LEFTWhatsNewsCollection&mg=reno64-wsj

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