Florida Mortgage Trends

Lenders are making it Easier to get a Mortgage!

September 18th, 2015 6:23 PM by Scott Bray

Mortgage Lenders Easing Credit Standards: Fannie Mae

SEP 17, 2015 6:40pm ET

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.

Posted in:General and tagged: Easy Mortgage
Posted by Scott Bray on September 18th, 2015 6:23 PM


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