Investors aren't behind higher mortgage approval standards -- lenders are

Fannie Mae survey shows some lenders apply stricter standards than what their investors require, leaving some borrowers out in the cold

Since 2008’s financial collapse and recession, many mortgage industry watchdogs have lamented how tight credit has become and how difficult it is for some potential buyers to obtain a mortgage loan. It may come as a surprise, then, to find out that some mortgage lenders are applying mortgage approval standards beyond the guidelines suggested by their investors.