Economy: Mortgage
Lenders
The results of a Fannie Mae poll reflect strong belief among home lenders that new underwriting rules will impact their costs and processes. About 80 percent of survey respondents said they would avoid making loans that fall short of post-crisis regulations. Roughly 84 percent, however, expect nearly all of their dollar volume to fall into the "qualified" category. Credit criteria will have to tighten to satisfy the new standards, according to 36 percent of those polled.
From "Economy: Mortgage Lenders"
Investor's Business Daily (08/15/14) P. A2
The results of a Fannie Mae poll reflect strong belief among home lenders that new underwriting rules will impact their costs and processes. About 80 percent of survey respondents said they would avoid making loans that fall short of post-crisis regulations. Roughly 84 percent, however, expect nearly all of their dollar volume to fall into the "qualified" category. Credit criteria will have to tighten to satisfy the new standards, according to 36 percent of those polled.
From "Economy: Mortgage Lenders"
Investor's Business Daily (08/15/14) P. A2
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