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 Issue of January 28, 2008 
   

Residential Mortgage Lending Down 60% From Peak Levels
Home Purchase, Refinance Loan Numbers Weaken; Loan Originations Fall 22% Between 2006 and 2007


By Amy Wyeth
The sky really is falling, at least on the local lending scene. Mortgage originations, once buoyed by a high-flying real estate market, slipped into a tailspin last year as the housing sector struggled and the subprime lending arena imploded.

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