News Details (Posted: March 12, 2008):

3/12 MORTGAGES

Full Description:

As mortgage defaults rise, many lenders are adjusting their standards by raising minimum credit scores, offering smaller loans and requiring detailed proof of income and assets. But for borrowers who do meet the tightened criteria, the Fed's plan to provide $200 billion to the financial services sector should mean more lending money available at lower interest rates, according to Standard & Poor's Chief Economist David Wyss. Read the full story