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News that mortgage lending reached £11 billion last month has not been greeted with the attention it deserves. The reports have all been downpage items - ten years ago they would have been front page news - and while several pointed out that the figure is a record, they also claimed that records only started in 1997, and dismissed any suggestion that the market might be 'poised to return to a 1980s-style boom.' Anything suspicious about that? Well yes.