(Reuters) - The biggest U.S. savings and loan is one of many mortgage providers to tighten their loan standards. Industrywide easing in 2005 and 2006 allowed many borrowers with weak credit to obtain home loans they couldn't afford.
A surge in the number of borrowers who missed their first or second payments made it tougher for many lenders to sell loans, and cut the value of loans they kept on their books.
Read more at Reuters.com Business News
A surge in the number of borrowers who missed their first or second payments made it tougher for many lenders to sell loans, and cut the value of loans they kept on their books.
Read more at Reuters.com Business News
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