Home mortgage lending in the United States fell last year to the lowest level in 16 years, a reflection of the weak housing market. The number of home mortgages issued last year dropped more than 10 percent, to about 7.1 million from 7.9 million in...
Asian Wall Street Journal
U.S., falling to a 16-year low as the housing market struggled to recover and refinancing activity slowed, U.S. regulators said Tuesday. The number of home loans issued tumbled 10% in 2011 to 7.1 million, the lowest level reported under the Home...