Tuesday, February 26, 2008
Lenders don’t want your business
"As a consequence of the credit crunch and sub-prime mortgage concerns, lenders have become much more careful about who they lend to, and on what terms. What we're seeing now is lenders leapfrogging each other to pull deals or raise rates, effectively chasing each other down the best-buy tables. The big mortgage lenders are in competition with each other - but this time it's to be nowhere near the top of the table"