Sentences with phrase «standards during the housing boom»
Lending standards during the housing boom were ridiculously lax.
http://www.homebuyinginstitute.com/
A few years ago, anyone with a pulse could qualify for a home loan as lenders recklessly lowered their standards during the housing boom.
Not exact matches
House prices reported by the Standard and Poor's / Case - Shiller show the same dynamics as the FHFA index, sharply rising prices during the boom followed by steep declines and finally recovery beginning in 2012.
While others participated in investor - owned markets or were exposed to exotic mortgages such as option - ARMs and interest - only loans, and while some tolerated lax underwriting standards, FHA stuck to the basics during the housing boom: 30 - year, fixed rate traditional loan products with standard underwriting requirements.
Granted, 2015 mortgage standards will not be as lax as they were during the housing boom — nor should we hope for that.
During the housing boom in the early to mid-2000s, underwriting standards were comparatively loose, allowing many people to take out home loans even though they lacked the means to repay them.
«Many buyers during the housing boom in the early 2000s took on large and risky financial commitments facilitated by relaxed borrowing standards and the belief that house prices would continue to appreciate.
Granted, 2015 mortgage standards will not be as lax as they were during the housing boom — nor should we hope for that.