Banks made it easier to get conventional mortgages, Fed survey shows

WASHINGTON (MarketWatch) -- Banks eased underwriting standards on conventional mortgages, the Federal Reserve reported Monday in its third-quarter senior loan officer survey. The loans where terms got easier were those that can be bought or guaranteed by Fannie Mae and Freddie Mac, as well as so-called "qualified mortgages." There was a slight tightening of credit on mortgages insured by the Federal Housing Administration and other government agencies. The report also showed that while banks have eased some loan terms on commercial and industrial loans, they increased premiums for riskier......(read more)

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