FILE- This July 2, 2008, file photo shows a foreclosed home in Sacramento, Calif. As home values plummeted after the housing bubble burst in 2007, many borrowers with exotic types of loans were stuck, unable to refinance as lenders began to tighten their lending criteria. That set the stage for cascading mortgage defaults.
FILE- This July 2, 2008, file photo shows a foreclosed home in Sacramento, Calif. As home values plummeted after the housing bubble burst in 2007, many borrowers with exotic types of loans were stuck, unable to refinance as lenders began to tighten their lending criteria. That set the stage for cascading mortgage defaults. Rich Pedroncelli, File AP Photo
FILE- This July 2, 2008, file photo shows a foreclosed home in Sacramento, Calif. As home values plummeted after the housing bubble burst in 2007, many borrowers with exotic types of loans were stuck, unable to refinance as lenders began to tighten their lending criteria. That set the stage for cascading mortgage defaults. Rich Pedroncelli, File AP Photo

For homebuyers, mortgages are safer but tougher to come by

September 13, 2018 03:28 PM