By Allison Charette, Research Analyst
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According to economists at Goldman Sachs, mortgage credit availability is essential in the housing recovery, writes Nick Timiraos of The Wall Street Journal. In 2013, 40 percent of new borrowers had credit scores above 760 and only 0.2 percent of new borrowers had scores below 620. An analysis by Goldman Sachs suggests that around half the decline in household turnover between 2001 and 2012 resulted from tighter lending standards. (The Wall Street Journal, April 23)