Nearly 10% of banks said they eased their lending standards for “prime,” or low-risk, mortgages in the first quarter, according to the Federal
Reserve’s latest survey of senior loan officers. Most banks said they weren’t any more willing to approve loans to borrowers with middle-of-the-range credit scores, and standards for “subprime” mortgages remained very tight.
Loan Standards Ease For Safest Borrowers
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