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Some builders like new mortgage rules, but Toll calls them 'dumb'

from The Wall Street Journal

Some home builders are heralding federal regulators' move this week to ease mortgage-qualification standards as a key to reviving the entry-level market but at least one is panning it as a return to dangerous lending. The Federal Housing Finance Agency indicated it will expand mortgage availability with changes such as allowing borrowers to make a down payment of percent of a loan's value rather than the typical 20 percent for a high-quality mortgage. more

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