Easing Standards Cause Loan Demand to Surge

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.

Read more