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To: clutterer who wrote (28158)10/10/2007 1:34:39 PM
From: Jim McMannis  Respond to of 208084
 
because the same person is having to make multiple applications. Where as before they only needed to make one.

So while the no. of mortgage applications may appear to make it look like housing is doing well, it's not. It's just the same person having to fill out more applications.