2009 November 12 | The Mortgage Buzz

From the daily archives: Thursday, November 12, 2009

Banks Raise Mortgage Qualification Standards

By Steve Levitt On November 12, 2009 · In Uncategorized

Despite the economy’s improvement and prodding from Congress, banks don’t seem ready to open their purse strings just yet.

Nationally, mortgage approval standards are tightening.

The data comes from a quarterly survey the Federal Reserve sends to its member banks. The Fed asks senior [...]

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