Site Meter

Window of Opportunity? Some Banks Ease Up

by Michael Levy on July 2, 2012

in National, NEWS

Money Matters PHOTOThe 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 more banks are finally easing up on 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.

To read the full article, click here: Realtor Mag

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: