How Tough Are Current Mortgage Standards?
News

How Tough Are Current Mortgage Standards?

May 5, 2020
by
Navi Persaud

If you have clients trying to secure a mortgage, chances are it is almost impossible unless they have a FICO credit score of at least 660, according to the Pittsburgh Post-Gazette. With unemployment numbers continuing to rise, banks and lending institutions are tightening standards to prevent future mortgage defaults or late payments.

Click here to read more about why lending institutions are continuing to tighten their lending standards.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com
How Tough Are Current Mortgage Standards?
May 5, 2020 12:31 PM
by
Navi Persaud
News

If you have clients trying to secure a mortgage, chances are it is almost impossible unless they have a FICO credit score of at least 660, according to the Pittsburgh Post-Gazette. With unemployment numbers continuing to rise, banks and lending institutions are tightening standards to prevent future mortgage defaults or late payments.

Click here to read more about why lending institutions are continuing to tighten their lending standards.

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