Bank guidelines loosenAccording to the Federal Reserve's quarterly Senior Loan Officer Survey, it's getting easier to get approved for a home loan.

Between July - September 2012, fewer than 6% of banks tightened mortgage guidelines -- the fourth straight quarter that's happened-- and roughly 10% of banks actually loosened...

14.11.12 04:45 PM - Comment(s)

Fed Senior Loan Officer SurveyAs another signal of an improving U.S. economy, the nation's biggest banks have started to loosen mortgage lending guidelines.

As reported by the Federal Reserve, last quarter, no "big banks" reported stricter mortgage standards as compared to the quarter prior and "modest fractions...

08.08.12 03:45 PM - Comment(s)

Mortgage guidelines get tougher

As part of its quarterly survey to member banks nationwide, the Federal Reserve asked senior loan officers whether last quarter's "prime" residential mortgage guidelines have tightened, loosened, or remained as-is.

A "prime" borrower is defined as one with a well-documented, high-...

10.11.11 04:45 PM - Comment(s)

Mortgage guidelines tighteningMortgage guidelines appear to be tightening with the nation's largest banks.

In its quarterly survey to senior loan officers nationwide, the Federal Reserve uncovered that a small, but growing, portion of its member banks is making mortgage approvals more scarce for "prime" borrowers.

A prim...

08.09.11 04:03 PM - Comment(s)

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