Industry News

Lenders tighten rules for nontraditional, subprime loans

Federal Reserve survey finds standards for traditional loans unchanged
Published on May 15, 2007

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by CareyBot

Most lenders haven’t changed standards on prime mortgages in the last three months, but many are tightening requirements for nontraditional and subprime loans, according to a Federal Reserve survey of lenders. A “large majority” of lenders surveyed said standards on ...