Easing lending standards bring back first-time buyers

The January 2017 Senior Loan Officer Opinion Survey on bank lending practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. 1 This summary discusses the responses from 70 domestic banks and 23 U.S. branches and agencies of foreign banks. 2

The issue of mortgage restrictions and deposit requirements for home buyers has been raging for some time. Easing of lending restrictions to ‘help first time buyers’ – TheLiberal.ie – Our.

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First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Some are concerned that banks are once again easing lending standards to a level similar to the one that helped create the last housing bubble. However, there is proof that today’s standards are nowhere near as.

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In the view of some critics, the weakened lending standards of CRA and other affordable housing programs, coupled with the Federal Reserve’s low interest-rate policies after 2001, was a major cause of the financial crisis of 2007/08.

A collection of new policies – including lower down payment requirements, decreased mortgage insurance premiums and looser lending standards – are intended to make it easier for first-time buyers like.

Last week, TD Bank announced that it would take down payments as low as 3% from first-time buyers and. Tighter lending left many Americans out of the housing recovery, and looser lending standards.

Fixed mortgage rates hit 50-year lows: Freddie Mac Freddie Mac said rates on 5/1 ARMs, set at a fixed rate for five years and adjustable in each following year, was 3.54 percent, down from 3.56 percent last week, reaching the lowest level since.

Stuart Miller sounds like a home builder who doesn’t expect first-time and entry-level buyers to surge back into the housing market. t anticipate mortgage-qualification standards easing quickly.

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WASHINGTON (Reuters) – Loan officers at U.S. banks reported easing lending standards for business loans for firms of all sizes while keeping terms for commercial real estate loans almost unchanged.

In a promising sign for millions of potential home buyers, the credit freeze is finally showing signs of thawing. Mortgage lenders are now slowly easing restrictive lending standards enacted after the recession and housing collapse in a sign of growing confidence in the market. While lending standards are still historically stringent, lenders have started to [.]