Bank Survey Shows Credit Is Growing Even Tighter – NYTimes.com
WASHINGTON (AP) — Banks tightened the spigots further on all sorts of lending, from home mortgages to credit cards and business loans, as the worst financial crisis in seven decades took a bigger toll on the economy.
The Federal Reserve said Monday that its latest quarterly survey of bank lending practices found high numbers of banks reporting tighter credit standards across a broad range of loan products. Nearly 60 percent of banks responding to the survey said they had tightened lending standards on credit card debt
Bank Survey Shows Credit Is Growing Even Tighter – NYTimes.com.
I can’t say the results are a surprise.
But I still say that if you can qualify for one of the “F’s” you can get a mortgage:
Fannie
Freddie
or
FHA
If you have questions, give me a call.
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