HousingWire
Easing mortgage standards are allowing first-time homebuyers to finally jump into the housing market after a rough start to the year held a lot of them back.
According to a new report from Capital Economics, “Lenders have accelerated the easing of mortgage lending standards in recent months, thanks to a steady reduction in mortgage delinquencies and new GSE policies. That has started to boost the number of first-time buyers – a necessary development if the housing recovery is to continue.”
