Archive for the tag "borrowers"
As our previous article makes clear, mortgage lenders are holding potential borrowers to a much higher standard than they have in recent years. The days of reckless abandon when mortgage lenders were handing our loans to just about anyone with a pulse are clearly gone. With a smaller number of buyers that qualify for loans […]
New mortgage standards currently being hammered out by the Consumer Financial Protection Bureau will attempt to reduce the risk of mortgages being given to consumers who do not have the ability to pay them back. The foreclosure crisis we have been experiencing for the last few years is blamed partly on mortgages approved for borrowers […]