Mortgage Standards Get Tougher as Banks Face Greater Risk

Pittsburgh Post-Gazette, May 5, 2020–Tim Grant
From the lenders who approve mortgages to the pension funds and institutional investors who buy them in bundles on the secondary market, worries are running rampant that sky-high unemployment numbers and the economic slowdown brought on by the COVID-19 crisis might translate to more mortgage defaults and late payments down the road. (MBA mention)
https://www.post-gazette.com/business/money/2020/05/05/mortgage-banks-credit-score-loan-borrowers-home-lenders-COVID-19-down-payments/stories/202005010026