1
It also started offering loans to less creditworthy borrowers.
2
Lenders became fussier, offering loans only to the most creditworthy borrowers who had considerable deposits.
3
Widespread defaults on those mortgages extended to less creditworthy borrowers triggered the ongoing global credit crunch.
4
Banks such as JPMorgan Chase & Co, the second-largest U.S. mortgage lender, were withdrawing from making home loans to less creditworthy borrowers.
5
The data, due on the 25th of the month, showed delinquencies in home loans made to less- creditworthy borrowers were increasing, market participants said.
6
Since then some lenders, including JPMorgan Chase and American Express Co AXP.N, have given up on lending to all but the most creditworthy borrowers.
7
U.S. banks have written off even larger amounts in the credit crisis, triggered last year by widespread defaults on mortgages extended to less creditworthy borrowers.
8
Some six years after the financial crisis, thousands of apparently creditworthy borrowers are being shut out of the housing market because they cannot get mortgages.