Mortgage Standards Tighten Up
Friday, February 29, 2008
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If you're in the market for a new home you could be in for a big supprise. As NBR correspondent Stephanie Dhue reports, banks are making it tougher to get a mortgage.
Discuss this series on XChange - The NBR Blog.
Related NBR Stories & Links
- 01-28-08: Lenders Are Banking On New Loans To Move Foreclosures
- 01-28-08: Mortgage Renovation Loans
- 10-04-07: Citi Mortgage's Low-income Lending Program Could Ease The Credit Crunch
- 09-05-07: Capitol Hill Takes On The Housing Credit Crunch
External Links/Articles*
- U.S.
Department of Housing and Urban Development (HUD)
HUD's mission "is to increase homeownership, support community development and increase access to affordable housing free from discrimination." This links to information about FHA loans, which may now become more popular for first time home buyers. - Inside Mortgage Finance
Publications
Inside Mortgage Finance Publications is a "company providing business-to-business news and statistics to executives in the residential mortgage business." Publisher Guy Cecala is interviewed in Stephanie Dhue's report. - Wells
Fargo (PDF Document)
This links to Wells Fargo January 2008 Credit Quality Report. Wells Fargo is one of many banks that are tightening its lending standards.
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.
