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Mortgage Guidelines Start To Loosen At The Country's Biggest Banks

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

 

Fed Senior Loan Officer Survey Q1 2011Another quarter, another sign that mortgage lending may be easing nationwide.

The Federal Reserve's quarterly survey of senior loan officers revealed that an overwhelming majority of U.S. banks have stopped tightening mortgage requirements for "prime borrowers".

A prime borrower is one with a well-documented credit history, high credit scores, and a...

 

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Mortgage Guidelines Start To Loosen At The Country's Biggest Banks

Comments(2)

Bruce Parker
Best Realty - Highland Park, NJ
You Deserve The Best

hey that is good news

Jun 02, 2011 01:56 AM
Will Handley
Progressive Inspection Service - San Juan Capistrano, CA
Certified Master Inspection Services

Let's hope that translates into helping the greater business climate improve.

Jun 02, 2011 02:54 AM