by Jon Terry | Aug 20, 2012 | Blog, Mortgage Guidelines
As another signal of an improving U.S. economy, the nation’s biggest banks have started to loosen mortgage lending guidelines. As reported by the Federal Reserve last quarter, no “big banks” reported stricter mortgage standards as compared to the...
by Jon Terry | May 3, 2012 | Blog, Buying A Home, Mortgage Guidelines, Mortgage Rates, Mortgages
Despite an improving U.S. economy, the nation’s banks remain cautious about what they will lend, and to whom. Last quarter, by a margin of 3-to-2, more banks tightened residential mortgage lending standards for “prime borrowers” than did loosen...
by Jon Terry | Feb 5, 2012 | Blog, Mortgage Guidelines
After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”. The Federal Reserve conducts a quarterly survey of its member banks and, last quarter, not a single responding bank reported having tightened its mortgage guidelines...
