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Credit Crisis Makes Buying a Home More Difficult

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Prices for homes are down, and interest rates are still considered low by historical standards. But the nation's financial crisis is affecting the ability of many home buyers to get mortgage loans as there are now stricter requirements to get a loan.


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Late loan payments on the rise (Daily Record) WASHINGTON -- Late payments on consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country's last recession in 2001.

Late loan payments continue to climb (Contra Costa Times) WASHINGTON -- Late payments on a cluster of consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country's last recession in 2001.

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