Between July – September 2012, fewer than 6% of banks tightened mortgage guidelines — the fourth straight quarter that’s happened– and roughly 10% of banks actually loosened them.
Mortgage Approvals : Documents To Gather For Your Lender
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Tag Archives: Senior Loan Officer Survey
Are Mortgage Standards Starting to Loosen?
As reported by the Federal Reserve, last quarter, no “big banks” reported stricter mortgage standards as compared to the quarter prior and “modest fractions” of banks reported easier mortgage standards. Continue reading