mortgage lending guidelines corona virus: Mortgage Lending Guidelines & Corona Virus
- 03/31/20 08:29 AM
Mortgage Lending Guidelines & Corona Virus
The arrival of the Corona virus has changed our lives significantly and it should come as no surprise that it has changed the mortgage lending world. Not only has it changed the interest rate market for refinance and purchase loans but it has changed at least on a temporary basis how mortgage loans are evaluated on their way to approval through closing.
We are seeing mortgage lenders tighten up some standards when it comes to debt ratio, credit, reserves, etc. Whereas these are discussed as temporary in nature if you are someone who has a loan in … (5 comments)
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Mortgage Lending Guidelines & Corona Virus
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