Lenders Continue to Change Policies

An article posted in today’s Wall Street Journal discussed the rise in delinquency rates and how it is affecting or changing policies for the lending industry. The article was written to talk about certain counties with rising delinquency rates coupled with depreciating property values to tighten restrictions on specific loans.

What was interesting in the article was that Tennessee was ranked 10th in the country in late payments. The article did not state that the Shelby County was the reason Tennessee was so high, but is has been mentioned in previous stories that Shelby County is the highest county in the state with delinquencies.

The full story can be read in today’s Wall Street Journal.