Wednesday, July 22, 2009

SURVEY SHOWS LENDERS STILL CAUTIOUS

Nearly three out of four major U.S. banks tightened their underwriting standards for residential mortgage loans in the 12 months ending March 31, and one in five discontinued or planned to discontinue one or more retail mortgage products, according to the U.S. Office of the Comptroller of the Currency.http://takeaction.realtoractioncenter.com/ct/ZdL9I_n1V4-b/

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