New Rules for Mortgages Make Qualifying More Difficult

Really? This is News?That due to the nation-wide Real Estate Bubble, Plummeting Housing Values, the Credit Crunch, Inflation, Rampant Consumer Spending, Rising Foreclosure Rates, Predatory Lending Practices, Creative Mortgage "Products," and blah, blah, blah, blah, blah....Most Banks Now Require A Potential Buyer to Have:*A "Good" Credit/FICO Score - 660 or in some cases 720 and above*20% Down