Relevant:
- Bernanke: Mortgage Lending an Exception to Improving Picture (No Sh-t Sherlock!)
- Banks tightening mortgage-lending standards: Fed
- Banks Tighten Auto Lending as More Borrowers Fall Into Default
- Britain's Housing Lenders Tighten Credit to Subprime Borrowers
- Federal Reserve Finds Banks Tightening Mortgage Lending Standards
2016-05-24 — mortgagenewsdaily.com
"Thus, the observed decline in originations could be a result of potential applicants being either too cautious or discouraged from applying, more so than tight underwriting as the culprit in lower mortgage activity."
She suggests that this caution results in "self-sidelining" that makes it appear that credit is tightening. This means that the policy solutions are quite different than if the cause was credit tightening and that more consumer education could be more successful in raising originations levels than introducing new lending products with lower credit standards. Â
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