Currently viewing the tag: "home loan approvals"

Home Loan Approvals Are Easier To Obtain

On February 3, 2011 By

Mortgage rates remain low but qualification standards do not. Last quarter’s banking survey shows that guidelines may be loosening, though. It’s another good sign for housing.

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More Fannie Mae Guidelines Changes Monday

On December 10, 2010 By

All Fannie Mae applications taken on, or after, December 13, 2010, are subject to the changes.

Are home loan approvals getting easier or more difficult? Well, both.

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Home Loan Approval Guidelines Tweaked Again

On October 7, 2010 By

Starting Monday, December 13, 2010, Fannie Mae is changing its mortgage lending guidelines.

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Home Loan Approvals Getting Easier

On August 24, 2010 By

According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It’s a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.

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The Credit Crunch Is Behind Us

On March 24, 2010 By

We’re 18 months removed from the Lehman Brothers weekend surprise that made a bad situation worse. Almost overnight, credit completely dried up.

It is changing.

Let’s look at this in context. Towards the end of the last boom, there was almost no underwriting distinction between good and bad credit risks. Nearly everyone could get a [...]

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Mortgage Approvals Are Getting More And More Scarce

On February 9, 2010 By

The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.

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