Are mortgages even harder to qualify for these days?

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Are mortgages even harder to qualify for these days?

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2012 May 8, 2:02am 22,085 views 48 comments

by lwoellert ➕follow (1) 💰tip ignore

Hi folks - I'm a reporter at Bloomberg, where I cover economic issues, including housing.

We all know how tough it's been to get a purchase loan since the meltdown. But I'm getting the impression that it's getting even tougher as of late. One reason, I think, is new lender anxiety about regulations being put in place in Washington. Then there's continued falling home prices etc. People here in DC say lending standards are preventing a housing rebound. Banks are loosening consumer and business lending, but not mortgage lending. What do you think?

Has anyone with good credit failed to get a purchase loan recently? Would love to hear your stories, either off the record here in the forum or on the record by phone or email.

Thanks,
Lorraine Woellert
Bloomberg
202 624 1963
lwoellert@bloomberg.net

#housing