But that doesn't betoken you can't get a mortgage, says Keith Gumbinger, degradation president of HSH Associates. "Mortgage funds is available," Gumbinger says. "In request to have access to the financing, however, you are customary to have to align yourself more closely with the new, more vigilant lending standards." Amid higher delinquencies on territory loans, banks have ditched many of the cheery faithfulness practices that helped pump up the shelter bubble. "The days of giving loans to anybody with a thumping are behind us," says Mike Larson, an analyst with Weiss Research.
As a result, today's approaching mortgage borrowers will have to encounter a more stringent set of requirements than consumers faced just a few years back.
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