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Easing Standards Cause Loan Demand to Surge
May 06, 2015
A survey from the Federal Reserve reveals that simultaneous to the easing of standards, loan demand is surging, HousingWire reports.
Nearly 20 percent of banks surveyed said that credit standards for approving applications on GSE-eligible residential mortgages eased somewhat. Other loan categories that also loosened were government residential mortgages and Qualified Mortgage jumbo residential mortgages.
More like this
- Fed Survey Reveals Residential Mortgage Lending Standards
- Housing industry leaders want new attorney general to ease up on mortgage lenders
- Fed survey finds demand for prime mortgages rising, some easing of credit standards
- Home Lending Credit Standards Are Too Tight, Says Urban Institute
- Treasury Department unveils new programs for homeowners
Comments on: "Easing Standards Cause Loan Demand to Surge"
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