HMDA Data Point to FHA, Refinancing as Keys to 2009 Production Rebound, More Efficient Process
September 23, 2010
The mortgage industry may have begun to relax its underwriting standards last year after raising the bar significantly following the housing market crash that began in 2007 – or maybe borrowers just got used to the new standards. According to an Inside Mortgage Finance analysis of 2009 Home Mortgage Disclosure Act data released this week by federal regulators, mortgage lenders... [Includes one data chart]