Lenders doing extra tightening of loan requirements in areas where prices dropping.

By Jack, on October 23rd, 2007%

As mortgage deliquency rates have risen (up to 3.3% in third quarter of the year) lenders have become more and more skittish. Having already tightened up their general requirements, lenders are now setting special [...]; . . . → Click Here to Read the Full Article

Comments are closed   Mortgages

Student debt next Tsunami?.

By Jack, on October 10th, 2007%

Reduction of government aid, rapidly increasing tuition, and switch to private loans to finance college have caused student debt to go through the roof. More than $17 billion is private student debt was issued [...]; . . . → Click Here to Read the Full Article

Comments are closed   Debt

Credit score minimums getting higher.

By Jack, on October 9th, 2007%

The interest rate your lender will give you depends on your credit score. This is a number from 300 to 850 (in most cases) that you get from one of four popular credit rating [...]; . . . → Click Here to Read the Full Article

Comments are closed   Credit rating, Mortgages