Home mortgage lenders easing up on home loans

easing upBy Diana Olick | CNBC

The new year may bring new opportunities for consumers hoping to get a home mortgage.

More lenders are reporting easing credit standards, according to Fannie Mae, and expect standards to ease rather than tighten in the near future. This could help affordability in the housing market, which has been suffering under both tight credit and tight supply of homes for sale.

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