A loosening of mortgage standards would boost economy

A ratcheting up of standards for mortgage borrowers has stalled the economy, and looser credit could boost home sales, construction, home prices and employment, according to a report by Jim Parrott, a senior fellow at the Urban Institute, and Mark Zandi, chief economist at Moody's Analytics. In addition, banks are lending less because of uncertainty about repurchasing loans that don't meet underwriting standards, the report says.

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