Mortgage rates may be near record lows, but potential homebuyers are still finding it difficult to get a mortgage, Lending Tree founder and CEO Doug Lebda told CNBC's "Squawk on the Street."
Although mortgage rates are near record lows, borrowing standards have been raised, making it harder for many consumers to buy a home. Meanwhile, the aftermath of the 2008 financial meltdown has left buyers saddled with debt they are still struggling to pay. (Read more:How Does the Fed Help My House, My Mortgage?)
According to Lebda, that leads lenders to avoid certain types of loans. He explained that the manner in which loans are securitized makes it difficult to assign responsibility if they go bad.