Monday, Feb 05, 2007
Yee Hah!!!!!!!
Bloomberg: Fed Says More Banks Tighten Standards on Mortgages
More U.S. banks tightened lending standards for home loans in the past three months than in any quarter since the early 1990s
Posted by financial planner @ 10:36 PM (152 views) Add Comment
1 Comment
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1. uncle chris said...
That's all very well for the US, but we still have Abbey adverts banging on about 5x income mortgages, which would literally be the perfect vehicle to "bind yourself until death". It's been suggested that we are running about a year behind the US - we shall see.