Housing Crisis to End in 2012 as Banks Loosen Credit Standards
Wednesday, February 22nd, 2012 Posted in Mortgage News, Real Estate News | No Comments »Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is ...
Mortgage Underwriting Guidelines Easing?
Wednesday, August 19th, 2009 Posted in Mortgage News, Real Estate News | No Comments »It looks like banks are not as scared of mortgage loans these days.In its quarterly survey, the Fed asked senior bank loan officers whether "prime" residential mortgage guidelines had tightened in the last 3 months. Only 1/5th reported guidelines tightened last quarter, ...
Justin Winter
Libby Zorbas
Patti Schull
Scott Fowler