Tag Archives: Mortgage Applications

Are Mortgages Becoming Easier to Obtain?

Lenders are reportedly easing credit standards. Wells Fargo, the nation’s largest mortgage lender, recently announced it has cut its minimum credit score for borrowers of Fannie Mae and Freddie-backed loans from 660 to 620. Borrowers with lower credit scores must prove their ability to sustain home ownership, however, says Frank...
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