Is the mortgage credit box really loosening?
While this report seems to show mortgage credit standards are loosening, 88.9% of lenders said that mortgage credit for GSE-eligible residential mortgages remained the same over the past three months, according to the survey from the Fed. Qualified mortgage non-jumbo loans, non-GSE-eligible mortgages, saw credit standards remain the same at 95% of banks. QM jumbo loans eased somewhat for 7.9% …