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Lenders Gloomy about Purchase Demand and Profits

Thursday, December 18, 2014

Fannie Mae's writers use the word "stable" repeatedly to describe many of the findings from its fourth quarter 2014 Mortgage Lender Sentiment Survey, especially where the senior executives completing the questionnaire detailed their operational expectations.

The November survey found fewer lenders reporting tightened credit standards. Thirteen percent of respondents said their standards had tightened for GSE eligible loans compared to 28 percent in the first quarter of 2014.  More lenders reported their institutions had loosened standards for non-GSE-eligible loans than reported tightening them, the second consecutive quarter this pattern has prevailed.

 

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