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