Lenders adjusting standards daily
Requirements get tighter as defaults increase
NEW YORK — The loan you qualify for Monday might be out of reach Tuesday.
Bankers and lenders are rapidly changing their requirements as home sales and prices plummet and delinquencies and defaults rise. Problems in the mortgage market are spilling into other lending markets as customers struggle to keep up with payments on other loans, such as auto and credit card payments.
"The market is reinventing itself d...
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