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Qualified 'niche' borrowers frozen out

Source: United Press International

Washington : DC : USA | 2 months ago

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Tough U.S. government home lending standards in the wake of the mortgage crisis are making it harder for some qualified borrowers to get funding, analysts say. With the bailout of Fannie Mae and Freddie Mac and the reluctance of banks to issue new mortgages, nearly 90 percent of all new home loans are...

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News Stories

Realty Times: Washington Report: Fannie and Freddie

News Source: Androscoggin News | 2 months ago

A major financial industry trade group got Washington's attention last week when it called for the total elimination of Fannie Mae and Freddie Mac -- the giant, money-losing home loan companies now under federal control. The Mortgage Bankers...
Takeover of mortgage market puts Feds in bind

News Source: The Noblesville Ledger | 2 months ago

In the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the market, aggressively pursuing borrowers no matter their means or financial history. Now the...
Qualified 'niche' borrowers frozen out

News Source: United Press International | 2 months ago

Tough U.S. government home lending standards in the wake of the mortgage crisis are making it harder for some qualified borrowers to get funding, analysts say. With the bailout of Fannie Mae and Freddie Mac and the reluctance of banks to issue new...