Freddie Mac wants mortgage companies to warn consumers about credit scams. Especially those that promise credit repair. It seems consumers who are shopping for a loan are particularly vulnerable. It is little wonder with so many companies on the internet pretending to offer loans that aren’t licensed lenders or brokers. Then there are those who buy trigger leads of low-score borrowers. Seems like a good area for the CFPB to find some real abuse.AmeriBest Mortgage is licensed in the State of Florida. NMLS Lic # 325885.
Lenders are easing loan standards across all types of mortgage products, according to Fannie Mae's latest survey of mortgage lenders.
The gap between lenders who said they're easing standards, compared to lenders who said they're tightening standards, rose to 20 percentage points in the third quarter 2015, compared to 18 percentage points in the second quarter, according to Fannie Mae's Sentiment Survey. .
Lenders also may be getting more familiar with the regulatory and compliance environment [and they] may be removing credit overlays.
In other findings from the survey, senior executives with mortgage lenders are more optimistic about both the economy and home prices than consumers. However, senior mortgage executives are less optimistic than consumers about the ease of a getting a mortgage today.