Industry NewsMortgage

Most bankers don’t see credit easing

Survey shows less pessimism about mortgages
Published on Sep 7, 2010

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by CareyBot

Few bank risk managers expect credit standards will be relaxed this year, and nearly half see room for further tightening, according to a quarterly survey conducted for FICO by the Professional Risk Managers' International Association (PRMIA).

The survey showed bankers aren't as pessimistic as they were during the first quarter, but suggested that consumer credit will fall short of demand for the rest of the year.

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