Getting a Mortgage is Now Easier, But it Could Backfire
Union-Leader (Manchester, N.H.), Nov. 7, 2018–Deborah Kearns (Bankrate.com)
Borrowers who don’t fit into a pristine credit box now have more options, Joel Kan, associate vice president of industry surveys and forecasting with the Mortgage Bankers Association. There’s more balance to the lending equation nowadays after the regulatory pendulum swung too far in the opposite direction–a move that shut out otherwise capable borrowers, Kan says.
