Purchase Mortgage Demand to Rise while Credit Standards to Remain Level

Lender attitudes toward the housing market are positive overall heading into Q3, having recovered from a significant decline in recent quarters, according to Fannie Mae’s second quarter 2016 Mortgage Lender Sentiment Survey®.
Conducted in May, the survey results show that lenders reporting demand growth for GSE eligible purchase mortgages over the past three months rebounded to 70 percent on net, compared with 20 percent in the prior quarter (Q1 2016) and 71 percent one year ago (Q2 20