American Banker (04/17/08) P. 3; Sloan, Steven
During the past month, the residential mortgage market has shown some signs of stabilization, according to the Federal Reserve's latest Beige Book report. While lending stabilized in the central bank's New York, Cleveland, Chicago and San Francisco districts, gains were reported in the Philadelphia, St. Louis and Richmond districts. However, lenders imposed stricter credit standards in the New York, Cleveland, Atlanta, Chicago, Dallas, San Francisco and Kansas City districts; and delinquencies are increasing in the New York, Philadelphia and Cleveland districts.
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