Lenders more optimistic about home prices

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Lenders are more confident about the direction of home prices than at any time in the last three years, according to a quarterly survey conducted for decision-management firm FICO by the Professional Risk Managers’ International Association.

Among the bank professionals who responded to the survey, which measured sentiment in the first quarter of this year, 71 percent said that home prices are rising at a “sustainable pace” from a risk perspective, FICO reported.