Real estate blog entries tagged with nh home loan info by Merrimack Mortgage Company

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Home : Blogs : Kevin Wallace : Kevin Wallace's Blog : Tag "nh home loan info"

nh home loan info: NH Mortgage Approvals Are Getting More Scarce - 02/09/10 01:32 PM

The economy's improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by.
Underwriting guidelines are tightening.
The data comes from the Federal Reserve's quarterly survey to its member banks. The Fed asks senior bank loan officers around the country to report on "prime" residential mortgage guidelines over the most recent 3 months and whether they've tightened.
For the period October-December 2009:
Roughly 1 in 4 banks said guidelines tightened Roughly 3 in 4 banks said guidelines were "basically unchanged" Just 2 of 53 banks said its guidelines had loosened.
Combine the Fed's survey with … (0 comments)

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Kevin Wallace

Manchester, NH

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