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As a reaction to problems in the subprime area, lenders tightened lending standards. What effect do you think this change had on the housing market?How

As a reaction to problems in the subprime area, lenders tightened lending standards. What effect do you think this change had on the housing market?How much responsibility do lenders have to educate borrowers? The federal government requires disclosure statements with standardized examples illustrating the time value of money; does this change your answer? 200 words

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