Industry News

‘Slam-dunk’ home loans declining

Web service reports fewer mortgage apps with minimum underwriting fuss
Published on May 3, 2006

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by CareyBot

Louisiana has seen the strongest decline in “slam-dunk” mortgage lending nationwide during the last half year, a consumer Web site reported today. Nationwide, mortgage applications that are approved with a minimum of underwriting fuss accounted for 66.6 percent of the ...