Home Lenders Demand Best Credit Scores in Decade

June 22 (Bloomberg) -- Lenders are requiring the highest credit scores in at least a decade to approve home mortgages as loan officers report pending regulations prompt them to continue limiting risk three years into the economic recovery. Hans Nichols reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
29:56 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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