Most Lenders Have Tightened the Rules

UExpress, May 29, 2020–Lew Sichelman
Mortgage rates have slipped even lower. But lenders have tightened their underwriting rules to the point where only the best prospects — those with the most cash for a down payment and the highest credit scores — can qualify. And the new, stricter rules are likely to remain in place until the economy gets back on its feet — months, or even years, from now.
https://www.uexpress.com/housing-scene/2020/5/29/most-lenders-have-tightened-the-rules