<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class="">The Wall Street Journal <span style="caret-color: rgb(102, 102, 102); color: rgb(102, 102, 102); font-family: Retina; orphans: 2; widows: 2;" class="">Updated May 9, 2019 6:22 a.m. ET</span><div class=""><br class=""></div><div class=""><header class="module article_header" style="margin: 0px 10px 6px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; box-sizing: border-box; position: relative;"><div data-module-id="19" data-module-name="article.app/lib/module/articleHeadline" data-module-zone="article_header" class="zonedModule" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline;"><div class=" wsj-article-headline-wrap" style="margin: 0px 0px 25px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline;"><h1 class="wsj-article-headline" itemprop="headline" style="margin: 0px 0px 8px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; font-family: "Escrow Condensed"; line-height: 1em;"><font size="5" class="">Small Mortgages Are Getting Harder to Come By</font></h1><h2 class="sub-head" itemprop="description" style="font-size: 20px; margin: 0px; padding: 0px; border: 0px; outline: 0px; font-weight: 300; vertical-align: baseline; font-family: Retina; line-height: 27px; color: rgb(102, 102, 102); letter-spacing: -0.01em;">Lenders are offering fewer mortgages for cheaper properties even while racing to serve deep-pocketed home buyers</h2></div></div></header><div class="at16-col9 at16-offset1 column at12-col7 at8-col8" style="margin: 0px 0px 0px 80px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; box-sizing: border-box; width: 720px; max-width: 100%; float: left; min-height: 1px;"><div class="module" style="margin: 0px 10px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; box-sizing: border-box;"><div data-module-id="18" data-module-name="article.app/lib/module/articleSnippet" data-module-zone="article_snippet" class="zonedModule" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline;"><div class="snippet" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline;"><div class="clearfix byline-wrap" style="font-size: 10px; margin: 0px 0px 18px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; position: relative; color: rgb(51, 51, 51); font-family: Arial, Helvetica, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2;"><div class="byline article__byline" style="margin: 0px 150px 2px 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; font-family: Exchange; position: relative; background-position: initial initial; background-repeat: initial initial;"><span style="margin: 0px; padding: 0px; border: 0px; outline: 0px; font-size: 17px; font-style: italic; vertical-align: baseline; line-height: 22px; background-position: initial initial; background-repeat: initial initial;" class="">By</span> <div class="scrim-loaded author mobile-scrim hasMenu" data-scrim="{"type":"author","header":"Ben Eisen","subhead":"The Wall Street Journal","list":[{"type":"link","icon":"bio","url":"https://www.wsj.com/news/author/8333","text":"Biography"},{"type":"link","icon":"twitter","url":"https://twitter.com/BenEisen","text":"@BenEisen"},{"type":"link","icon":"email","url":"mailto:ben.eisen@wsj.com","text":"ben.eisen@wsj.com"}]}" itemscope="" itemprop="author" itemtype="http://schema.org/Person" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; font-size: 17px; font-style: italic; vertical-align: baseline; display: inline; line-height: 22px; position: relative; background-position: initial initial; background-repeat: initial initial;"><span class="name" itemprop="name" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; color: rgb(0, 128, 195); background-position: initial initial; background-repeat: initial initial;">Ben Eisen</span></div></div><time class="flexbox__flex--1 article__timestamp timestamp" style="margin: 0px 0px 4px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; font-family: Retina; display: block; line-height: 2.2rem; color: rgb(102, 102, 102); background-position: initial initial; background-repeat: initial initial;"><br class=""></time></div><div id="share-target" style="font-size: 10px; margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; color: rgb(51, 51, 51); font-family: Arial, Helvetica, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2;" class=""></div><div class="wsj-snippet-body" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; position: relative; color: rgb(51, 51, 51); font-family: Arial, Helvetica, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2;"><p style="font-size: 17px; margin: 0px 0px 17px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; font-family: Exchange; line-height: 27px; overflow-wrap: break-word;" class="">Some low- and middle-income home buyers are having a hard time getting mortgages for an unexpected reason: The loans they’re applying for are too small.</p><p style="font-size: 17px; margin: 0px 0px 17px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; font-family: Exchange; line-height: 27px; overflow-wrap: break-word;" class="">Lenders extended about 106,000 mortgages with balances between $10,000 and $70,000 in the U.S. last year, worth $5.1 billion. That is down 38% from almost 171,000 in 2009, according to figures compiled by Attom Data Solutions, a real-estate data firm. The drop-off at the bottom end of the market has been far swifter than at the top. Origination was down a more modest 26%...</p><div class=""><span style="font-size: 17px;" class=""><b class="">The rest is behind paywall</b></span></div></div><div class="wsj-snippet-related-video-wrap" style="font-size: 10px; margin: 0px 0px 40px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; color: rgb(51, 51, 51); font-family: Arial, Helvetica, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2;"></div></div></div></div></div><div class="">
<div dir="auto" style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div dir="auto" style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div dir="auto" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;"><div><div><div><div><div>&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&</div><div><br class=""></div><div><div style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal;" class=""><span style="-webkit-font-kerning: none; color: rgb(17, 17, 17); background-color: rgb(255, 255, 255);" class="">“</span><span style="-webkit-font-kerning: none;" class="">Children are particularly vulnerable to heat-related illness and death, as their bodies are less able to adapt to heat than adults, and they must rely on others to help keep them safe.”</span></div><div style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal;" class=""><span style="-webkit-font-kerning: none; color: rgb(17, 17, 17); background-color: rgb(255, 255, 255);" class=""><<<a href="https://www.epa.gov/sites/production/files/2016-08/documents/print_heat-deaths-2016.pdf" class=""><span style="-webkit-font-kerning: none; color: rgb(0, 0, 238); background-color: transparent;" class="">https://www.epa.gov/sites/production/files/2016-08/documents/print_heat-deaths-2016.pdf</span></a>>></span></div><div class=""><span style="-webkit-font-kerning: none; color: rgb(17, 17, 17); background-color: rgb(255, 255, 255);" class=""><br class=""></span></div></div></div>&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&</div></div></div></div></div></div></div>
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