Large lenders' expectations that underwriting standards will ease over the next three months coincide with overall lenders' expected pullback in the demand for single-family purchase mortgages, according to results from Fannie Mae's third-quarter Mortgage Lender Sentiment Survey. The share of lenders who expect purchase mortgage demand to go up over the next three months decreased significantly—between 26 to 33 percentage points depending on loan type—with the largest decline of 33 percentage points on GSE-eligible loans.Click to continue
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