Lenders ease credit standards in the second quarter

Mortgage

Mortgage lender credit standards eased during the second quarter as purchase volume was lower than expected and competition increased.

Approximately 17% of lenders eased their standards for loans eligible for sale to the government-sponsored enterprises during the second quarter, up from 13% in the first quarter and 12% for the second quarter of 2016, according to the Fannie Mae Lender Sentiment Survey.

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