Homestead mailing list

[Gene GeRue <genegerue AT ruralize.com>]

On Oct 24, 2008, at 7:01 AM, Don Bowen wrote:

> As for car loans and credit card applications, credit rating  
> requirements
> have significantly tightened.

My mortgage broker friend told me that he is working much harder to  
get his applicants approved for loans. High credit scores, documented  
employment history, documented funds sources, excellent ratios still  
do not get easy approval. People for whom he would in the past advise  
a conventional loan are today better with an FHA loan, which  
regulations have been eased.