Morning Scan: Flint's Mortgage Woes; Bank Stocks Take Pounding

Wall Street Journal

The water-contamination disaster in Flint, Mich., may have a new consequence: mortgage lenders appear ready to put a clamp on most home purchase loans. Lenders have started to require that home buyers must provide proof that a property they want to buy does not have contamination.

Nonbank lender Michigan Mutual and banks Wells Fargo and Bank of America have sent notices saying they won't make loans on a properties that don't have drinkable water....