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Recent housing woes gave pause to many borrowers, but no groups fell more uncertainty about their home owning prospects than low to moderate wage earners and minorities. Coupled with run ups in home values in recent years, these potential buyers may see their own housing picture bleak. This is not a “sky is falling” situation by any means. Some loan requirements are changing but there are sill many options for down payment assistance and affordable loans plus home buyer education and pre-purchase counseling. Although homeownership rates in the U.S. are at a near all-time high of 69%, most of these home
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