Loan Options Diminish

Less loan options have become another consequence of the slow housing market. Many companies are eliminating products or raising what's needed to qualify for certain loans, with more companies sure to follow. On Tuesday HomeBanc announced that it would not be issuing any more loans, and Impac Mortgage Holdings shut down their Alt-A loans, which are typically non traditional type loans with limited documentation, credit issues, or expanded debt-to-income ratios. Read the full article at MSNBC.