Banks Tighten Credit Squeeze

Lenders 'raising rates like crazy'

By Peter Fearon, Newser Staff

Posted Aug 3, 2007 4:38 AM CDT

(Newser) – Lenders are cutting credit, tightening standards or raising interest rates to a broader range of borrowers beyond those with weak credit records who qualify for subprime loans, the Wall Street Journal reports. Panic is spreading to a category of mortgages between subprime and prime that... Read full story »

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Banks Tighten Credit Squeeze

Lenders 'raising rates like crazy'

The Big Squeeze

subprime mortgages • mortgage • loans • Wells Fargo • Alt A loans • IndyMac • National City • interest rate

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