In a new survey, conducted for FICO by the Professional Risk Managers’ International Association (PRMIA), found lenders more bullish on the housing recovery than at any point in the last three years. Andrew Jennings, the chief analytics officer at FICO, said such a leap in lender sentiment represents good things for the housing market. Expectations among bank risk professionals for the relaxation of lending standards increased sharply in the first quarter, rising from 12.1 to 19.9 percent, according to the quarterly FICO/PRMIA survey.
Bank Lending Survey Results
- 71% of respondents saying home prices are “rising at a sustainable pace”
- 39% of respondents are expecting mortgage delinquencies to decrease over the next six months
- 45% of respondents expect delinquencies to remain flat
- 16% of respondents expect an increase
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