Kathleen. I am seeing some tighter qualifications also. Yet, the banks are complaining that they aren't getting many loan apps. Go figure. I understand the need to tighten, but they are going a bit over board on the credit score, yet allowing a large LTV. Cut the credit score to a more reasonable number but also cut the LTV so bottowers don't get in over their heads right away.
Kathleen. I am seeing some tighter qualifications also. Yet, the banks are complaining that they aren't getting many loan apps. Go figure. I understand the need to tighten, but they are going a bit over board on the credit score, yet allowing a large LTV. Cut the credit score to a more reasonable number but also cut the LTV so bottowers don't get in over their heads right away.