Almost no lenders plan to ease credit standards

Credit-539x404Lender survey results suggest constrained credit box will continue

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.

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