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Lenders defend mortgage policies
but he warned that this would not have an immediate impact on the mortgage market and firms' will ingness to lend, particularly to first-time buyers . asked about the current stategory of the housing market, nationwide's chief economist fionnuala earley said pricies were now falling at a faster rate than in the early 1990s . home added: it strikes you as an industry which is not really hungry for business at the moment . but lenders head to weigh this up against the risks of offering undue incentives to those wanting to buy . simon rubinsohn, chief economist of the royal institute of chartered surveyors, said the decline in pricies and the fall-off in sales made the current crisis more acute than the early 1990s . Generated 2008-10-20_21:41
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