In case you’ve been living under a rock…

File under "Tell me something I don’t know": "Tighter Lending Crimps Housing" from today’s WSJ.

In all, the nation’s 10 largest mortgage lenders denied 26.8% of loan applications in 2010, an increase from 23.5% in 2009, according to an analysis by The Wall Street Journal of mortgage data filed with banking regulators.

(The interactive graphic is cool.)

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
This entry was posted in The Buzz. Bookmark the permalink.

One Response to In case you’ve been living under a rock…

  1. Mark Brian says:

    There is no doubt the banks over corrected their too loose lending standards of the past. Add the economy and job situation to the mix and it is a tough real estate market. What should or could be a great opportunity for buyers often turns into a frustrating experience.

Leave a Reply

Your email address will not be published. Required fields are marked *