Mortgage Lender Sentiment Survey - April 23rd 2015
Late last year, Fannie Mae and Freddie Mac announced an expansion of the availability of certain loans with a maximum loan-to-value (LTV) ratio of 97%. In addition, the Federal Housing Administration (FHA) beginning on January 26, 2015 reduced annual mortgage insurance premiums (MIPs) by 0.5% on new loans. These initiatives endeavor to expand access to mortgage credit and make monthly mortgages more affordable to qualified and creditworthy borrowers. Fannie Mae’s Economic & Strategic Research Group surveyed senior mortgage executives in February through its quarterly Mortgage Lender Sentiment Survey™ (MLSS) to examine lenders’ views about the expected impact of these two initiatives.