NEW YORK – Aug. 8, 2017 – Thanks in part to rising home prices, some mortgage lenders are loosening their underwriting standards so borrowers can purchase property sooner.
“The reality has sunk in that there are buyers out there who will be able to buy homes and make the mortgage payments,” William E. Brown, president of the National Association of Realtors® (NAR), told the industry news website OriginatorTimes.com. The industry is “trying to give them more options to buy a house,” he added.
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