Industry News

Lenders tighten real estate loan underwriting

Fewer 'slam-dunk' home loans nationwide, report says
Published on Apr 13, 2006

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by CareyBot

Fewer home loan applications are being approved with a minimum of underwriting fuss as lenders tighten scrutiny in a real estate market with narrowing margins of error, a consumer Web site reported today. When subjected to collateral review, mortgage applications ...