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credit suisse loss tightens mortgage market as banks tighten lending standards
The mortgage market is tightening as banks become more cautious in granting residential construction loans, influenced by the loss of Credit Suisse and new Basel III capital requirements. Experts note that capital scarcity is leading to higher margins for customers, while alternative mortgage providers are currently absent from the market. The situation is expected to persist, with many brokers having reduced operations or closed down entirely.
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