MarketWatch.com reports Ringwood mortgage lenders, as well as lenders around the country, are tightening underwriting requirements in response to the problems facing the subprime mortgage market. Subprime mortgages are loans used by the riskiest borrowers. A record number of foreclosures currently plagues this industry.

Lenders are limiting options even for the most creditworthy borrowers. They also are shying away from loans that cover 100% of a property's value and looking askance at cash-out refinancing requests.

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