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Builders Lean on Agents to Keep Buyers' Credit on Track from Sale to Closing

By John Caulfield

The nation’s builders are understandably buoyant about what’s looking like a sustainable housing recovery as more buyers re-enter the market at a time when inventories are low in many area. But what tempers builders’ giddiness is their challenge in locating sufficient numbers of buyers who qualify for a mortgage. "Fuzziness" about lending and consumer protection parameters has some banks limiting their credit as a hedge against possible litigation.

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