Tag Archives: Are Banks Easing Up on Mortgage Standards?

A very tight mortgage lending environment “promises improvements this year as the drivers of tough credit standards reverse,” according to Moody’s Analytics ResiLandscape Report. Still, lending will remain tight by historical standards, the report notes. Tight underwriting conditions have been one of the main obstacles for the housing market recovery. But the credit agency says that those conditions began to ease somewhat this year and likely will continue to. “Rising house prices give lenders more breathing room to extend credit,” the analysts at Moody’s noted. Over the past year and […]