Are tighter lending standards the new normal?

The Daily Download examines the most captivating articles reported from the HousingWire newsroom.

Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry, but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

Today, HW+ Managing Editor Brena Nath interviews our own Editor-at-large Kathleen Howley on how lenders are tightening their standards by the hour as some borrowers think they don’t have to pay their mortgage. 

After the interview, Brena also gives a quick breakdown of the top stories right now, including how one mega bank just increased their down payment requirement to 20% on all new purchase loans. 

HousingWire articles covered in this episode:

• Lenders get stricter as some borrowers think they don’t have to pay
• It may be harder to get a mortgage after coronavirus crisis ends, Calabria says
• Chase now requires 700 FICO score, 20% down payment to buy a home