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  • Digg it UP - Lenders May Tighten Lending Standards

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    ns due to borrowers' failure to make their first few payments on their loans.

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    Many lenders are starting to tighten their lending standards. While there are reports of some lenders loosening their requirements in order to draw in more business, other lenders are starting to feel pressure from Wall Street.

    Basically, there is increasing demand from investment banks for lenders to buy back their loans due to borrowers' failure to make their first few payments on their loans.

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    orts of some lenders loosening their requirements in order to draw in more business, other lenders are starting to feel pressure from Wall Street.

    Basically, there is increasing demand from investment banks for lenders to buy back their loans due to borrowers' failure to make their first few payments on their loans.

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    s, other lenders are starting to feel pressure from Wall Street.

    Basically, there is increasing demand from investment banks for lenders to buy back their loans due to borrowers' failure to make their first few payments on their loans.

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    there is increasing demand from investment banks for lenders to buy back their loans due to borrowers' failure to make their first few payments on their loans.

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    ns due to borrowers' failure to make their first few payments on their loans.

    Early payment defaults have been largely seen in nonprime mortgages.

    The buybacks of defaulted loans have led some lenders to incur losses in recent quarters, they must now set aside more money in their reserve funds for potential repurchases in the future. This saving for future buybacks cuts into profits.

    Some

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