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Loan Modification

: Mortgage Lender Implode-o-Meter

FHA: Tighter FHA Underwriting Standards Spell Trouble For Market Recovery

By Implode-Explode Heavy Industries

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``As the contraction of the economy, due to the aforementioned causes, sends market recovery into a tailspin, lending institutions tighten the reins on underwriting requirements making it near impossible for borrowers to enter the housing market. '' -- At current prices, of course.

Full post as published by Mortgage Lender Implode-o-Meter on December 21, 2010 (boomark / email).

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