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Posts tagged "underwriting"

Is Mortgage Underwriting Getting More Friendly?

Posted by jberman - August 18, 2009 - Housing Market

It looks like banks are less scared of mortgage loans these days. In its quarterly survey to member banks, the Federal Reserve asked senior bank loan officers whether “prime” residential mortgage guidelines had tightened in the last 3 months. Just one-fifth of banks said guidelines tightened last quarter, a dramatically lower figure versus last quarter [...]

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