According to the results of the Mortgage Lender Sentiment Survey for the first quarter of 2015, lenders anticipate both increased profits and demand. The survey, which was completed by Fannie Mae and Penn Schoen Berland, indicates that a combination of changing credit standards and an improving economy have led lenders to believe that there will be an increase in demand
Although there’s no question that when the housing bubble burst it had the effect of both lowering the value of houses and restricting access to credit, there have been huge inroads made in restoring both the market and the ability for people to obtain mortgages. Despite significant gains, the perception of many is that the housing market is still in
Recently, two important alterations were made to government funding so that credit availability would improve. These changes included Fannie Mae and Freddie Mac’s new 3 percent down payment loans and the FHA’s reduction of fees. Expert mortgage lenders agree these offer a boost to the slumped housing market. Back in November, the FHFA responsible for overseeing Freddie Mac and Fannie
According to the federal jobs report from January, job additions continued, but it isn’t the only sign of the continuing recovery; many homeowners who lost value in their homes during the Great Recession are now seeing their equity restored. NerdWallet used data from Zillow to figure out which cities saw the largest increases in home value since 2009, and they
