Mortgage Loans Get Harder To Come By As Lenders Tighten Standards

Forbes, Apr. 12, 2020–Aly J. Yale
According to Joel Kan, the associate vice president of economic and industry forecasting at the Mortgage Bankers Association, the drops are due to the stricter eligibility requirements that lenders are putting in place, as concerns surrounding the COVID-19 outbreak—and its economic impact on borrowers—grow.