Morning Minute: Homebuying could get easier as banks slightly ease lending standards

Tight lending standards have kept some potential homebuyers out of the market, but there are signs that banks may make it a little easier to qualify for a mortgage. More banks are showing a willingness to consider lower credit scores and smaller down payments when it come to mortgage qualifications, reports REALTOR® Magazine (via USA Today).

In other headlines:

A break for housing tax breaks? – Daily Herald

Nearly 50% Of All Home Sales Now Cash, As Institutional Investor Activity Hits New High – Forbes

FHA Commissioner: Government should act as backstop to private capital – HousingWire

This entry was posted in Consumer Information, Housing Market by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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