Banks Tighten Mortgage Standards for FHA-Insured Loans
by Danny King on Nov.17, 2010, under Towing
Bank of America and Wells Fargo were among banks that tightened credit standards for mortgages insured by the Federal Housing Administration in a move that may put a crimp in the U.S. housing recovery by effectively eliminating 6.3 million people from the potential home buying pool.
Continue reading Banks Tighten Mortgage Standards for FHA-Insured Loans
Banks Tighten Mortgage Standards for FHA-Insured Loans originally appeared on DailyFinance on Wed, 17 Nov 2010 16:24:00.
Filed Under: Economy, Bank of America, Wells Fargo & Co, Real Estate, Credit
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