Niagara Regional Mortgage Services Inc.

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Mortgage Lenders Ease Rules for Home Buyers in Hunt for Business

Date posted: April 19, 2014

Mortgage lenders are beginning to ease the restrictive lending standards enacted after the housing boom turned to bust, a sign of their rising confidence in the housing market.

While standards remain tight by historical measures, lenders have started to accept lower credit scores and to reduce down-payment requirements.