Fannie Mae: Almost No Lenders Plan to Ease Credit Standards

HousingWire, June 14, 2016–Lane, Ben

A recent report from the Mortgage Bankers Association showed that mortgage credit availability is on the decline, with the Mortgage Credit Availability Index for May showing a decrease for the third straight month. And a new report from Fannie Mae suggests there’s no light at the end of the tunnel for those who hope to see credit standards relaxed any time soon.