As demand has diminished for refinanced single-family loans, credit standards on mortgages — especially government-sponsored enterprise loans — have loosened.
Compared to three months ago, half of senior mortgage executives have experienced increased demand for purchase financing that is eligible for purchase by Fannie Mae or Freddie Mac.
At the same time, 16 percent of executives indicated that demand for GSE programs used to finance a home purchase has diminished over the preceding three months.
Source: Mortgage Daily
