Fed survey shows banks easing mortgage lending standards

November 2, 2015 7:13 PM

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Fed survey shows banks easing mortgage lending standards

WASHINGTON Banks lowered lending standards for U.S. mortgages in the third quarter and a modest share of them made it easier for households to get credit card and auto loans, according to a survey of loan officers released on Monday by the Federal Reserve.

The U.S. central bank said the easing of standards for mortgages applied to loans that qualified to be guaranteed by state-run mortgage finance firms as well as for those that met government standards on borrowers' ability to pay.

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