Lending Like It’s 2003 to ‘Qualified’ Homebuyers

Despite “horror stories” about the difficulties of getting a mortgage, banks are willing to lend to qualified homebuyers, Barry Habib, chief market strategist at Residential Finance, told CNBC on Monday. But he stressed that the definition of “qualified” has reverted back to the standards of “10-15 years ago.”

Video: http://www.cnbc.com/id/100588313