Posted on September 27, 2017 - 11:27 AM
by Paul Tassiello
It seems lenders are being less stringent to applicants who are trying to qualify for a mortgage. The reason is simple: there is more lender competition. This means credit standards have been lowered since late 2016. Also, as there has been a decrease in demand for loans for the past several months (including the refinance on loans from current homeowners), lenders’ net profits margins were in the red for the past four quarters.
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