Monday, February 5, 2007

Yee Hah!!!!!!!

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 (1590 views)
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One thought on “Yee Hah!!!!!!!

  • 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.

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