Lenders Give Upbeat Assessment of Credit Access

Posted To: MND NewsWire

More lenders are seeing an easing of mortgage lending standards Fannie Mae said today. In its third quarter Mortgage Lender Sentiment Survey indicators of loosening standards jumped substantially for both GSE eligible and non-GSE eligible loans. In the survey mortgage executives were asked whether their lending organization's credit standards have eased, tightened, or remained essentially unchanged for the two types of loans as well as government loans during the prior three months. The gap between the numbers of lenders reporting easing as opposed to tightening jumped to 20 and 18 percentage points for GSE eligible and non-GSE eligible loans, respectively-reaching new survey highs of "net easing." The share of lenders who predict their organizations will ease credit standards over the next...(read more)

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