Refinance mortgage lenders taking less risk - 2007-02-26
Homeowners with troubled credit histories are finding it more difficult to get mortgages or do refinance mortgage loans because the weaker housing market is making lenders less likely to assume riskier loans. Several lenders of subprime mortgages have shown indication of trouble after the housing bubble popped and more homeowners starting defaulting on high-interest mortgages.
Read the full story at Newark Star Ledger

Fed's Bies - overall mortgage market healthy - 2007-02-26
Federal Reserve Governor Susan Bies declared on Monday that while there is a noticeable deterioration in the adjustable-rate subprime mortgage market, the overall home loan market is still healthy. Subprime ARMs make up a relatively small share of the mortgage market, Bies declared. Subprime mortgage loans are ones made to borrowers with blemished credit. Securitization of subprime loans has helped to disperse risks from such loans, Bies declared.
Read the full story at Reuters