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New life in U.S. housing market not evident in big bank results
Even so, executives sounded optimistic about the core operation of lending to people who want to buy homes. It will be difficult to make up for lost refinancing volumes, even though the market for home purchases has been improving, analysts said. New and existing home sales rose in May while prices reached all-time highs, according to federal housing data and the National Association of Realtors (NAR).
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