Tag Archive | "lending standards"

Banks Tighten Standards as Mortgage Demand Falls

Tuesday, November 9, 2010

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Even as demand for mortgages declined with the expiration of homebuyer tax credit in the third quarter, a small number of banks tightened standards on both prime and nontraditional mortgage loans, reversing a slight net easing reported in the second quarter.

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One-third of Americans Score Too Low for a Mortgage

Monday, September 27, 2010

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Mortgage lenders have raised standards on credit scores so high that nearly one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low.

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