Real estate blog entries tagged with mortgage by Julia Rogers Segovia (Wells Fargo Home Mortgage)

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Home : Blogs : Julia Rogers Segovia : Julia Rogers Segovia's Blog : Tag "mortgage"

mortgage: Tightening Subprime Standards - 03/05/07 06:50 PM

Mortgage lenders are really starting to tighten their standards in the subprime lending area. The subprime customer is one with poor credit history, low equity, those who need to state their income or assets and especially those who want to go to 95% of the value or higher. This represents approximately 15% of potential borrowers.
The reason for the tightening standards: many subprime lenders have gone down in flames in the past few months, due to approving borrowers who ended up defaulting on thier loans. Or, they end up with borrowers who are in "early payment default," meaning that they have … (3 comments)

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Julia Rogers Segovia

Capitola, CA

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Wells Fargo Home Mortgage

Address: 2265 41st Avenue, Capitola, CA, 95010

Office Phone: (831) 465-4003

Cell Phone: (831) 419-1195

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