Pantheon Macroeconomics - Further evidence emerged yesterday in support of our view that mortgage lending conditions are easing. The monthly mortgage origination report from Ellie Mae, Inc., a private mortgage processing firm, shows average credit scores for both successful and unsuccessful loan applications continue to trend downwards--though the latter rose marginally in February--while loans are closing much more quickly than in the recent past.

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23 Mar. 2016 Mortgage Lending Conditions Improving - Where are the Sales?

By Ian Shepherdson

Further evidence emerged yesterday in support of our view that mortgage lending conditions are easing. The monthly mortgage origination report from Ellie Mae, Inc., a private mortgage processing firm, shows average credit scores for both successful and unsuccessful loan applications continue to trend downwards--though the latter rose marginally in February--while loans are closing much more quickly than in the recent past.

Posted: 23rd Mar 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 23 Mar. 2016 Mortgage Lending Conditions Improving - Where are the Sales?

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