To say that mortgage lenders are facing challenging times would be a considerable understatement. The federal funds rate, which is set as a range between an upper and lower limit, currently stands at 3% to 3.25%. The last time that the rate reached 3.25% was in 2005 — and we all know how that story unfolded.

Increasing rates pressure originators to lower credit standards in order to keep originating loans. While this happened during the global financial crisis 15 years ago, the aftermath produced reforms in regulatory standards that have improved underwriting standards. Amid the uncertain current environment, here are details ⇒

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