In the housing market, this increase in prices was helped along by the relaxation of loan underwriting standards, which made it easier to obtain a mortgage and become a homeowner. (newyorkfed.org)
Although that competition has not resulted in any deterioration in loan underwriting standards, lenders are looking for any edge over the competition that they can find, he adds. (nreionline.com)
«Even with recent economic softness, this is a disappointing performance with home sales being held back by overly restrictive loan underwriting standards,» he said. (nar.realtor)