According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It’s a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.
Tag Archive: Federal Reserve
Florida Mortgage Update: 1 In 8 Banks Tightened Prime Mortgage Standards Last Quarter
The Federal Reserve says that financial markets “remain supportive of economic growth”. Residential Florida mortgage guidelines, however, continue to tighten.
Florida Mortgage Update: The Federal Reserve Statement in Plain English (September 23, 2009)
This Florida mortgage update represents my attempt to provide some insight into the latest Federal Open Market Committee (FOMC) results released today. As expected, the FOMC voted to leave the Fed Funds Rate the same - ranging between 0.000-0.250 percent. It also reaffirmed its plans to bolster the mortgage market with some $1.5 trillion in ...
What’s Ahead This Week with Florida Mortgage Rates – September 21, 2009
September 21, 2009 – the one event you should remain mindful of this week regarding Florida mortgage rates is the coming 2-day meeting of the Federal Open Market Committee (FOMC).
