Thursday, August 23, 2007

Lenders Cutting Back!

This one is clearly in the “a picture says a thousand words” category.

The following image (click for much larger version) is a series of underwriting guideline matrices for a famous, nationwide lender that was published back on March 5 but I have marked it up to make it current based in the most recent sheet published August 20.

The items NOT crossed out are what are left for possible loan production!