Senior Loan Officer Survey

1 In 8 Banks Tightened Prime Mortgage Standards Last Quarter

May 6, 2010 by admin · Leave a Comment 

The Federal Reserve says that financial markets “remain supportive of economic growth“. Residential mortgage guidelines, however, continue to tighten.
If you’ve applied for a home loan recently, you probably felt it; extra scrutiny on income, assets and credit scores, among other things.  The hard proof of the changes, however, can be found in the Federal Reserve’s [...]