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Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.Only 10 percent of lenders loosened loan standards
June 29, 2012 @ 11:34 am
The housing industry has blamed banks' tight mortgage standards as preventing many potential buyers from being able to purchase a home.
But a new survey by the Office of the Comptroller of the Currency shows that fewer banks are tightening their standards, which may open the doors for more buyers to qualify for a mortgage.
About a quarter of the banks reported tighter underwriting standards for home loans, which is down from 40 percent last year, according to the survey of 87 of the largest banks.
Ten percent of the banks surveyed say they've eased their standards on mortgages, compared to only 8 percent who said that last year.
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Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.