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Home » Credit Easing Expected to Offset Drop in Demand
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Credit Easing Expected to Offset Drop in Demand

June 30, 2017
An increasing number of mortgage lenders have eased up on their underwriting standards recently and are likely to continue doing so in the months ahead in order to counter cooling consumer demand for residential financing, according to a new survey from government-sponsored enterprise Fannie Mae. Decreased housing affordability and loan profitability, coupled with increased competition, are driving the expansion of the credit box. Lenders also cited reduced ...
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