When you’re asking to borrow money, your lender has to determine whether or not you’ll be able to pay it back. To do this, they’ll look at your credit history and financial situation to get a feel for how well you handle your debts and obligations. Whether or not you’re approved to borrow will depend on whether you meet current credit standards. But those standards change over time. Sometimes they’re tighter and it’s harder to get approved than at other times. So what is the current outlook? Well, according to Fannie Mae’s Q4 2019 Mortgage Lender Sentiment Survey, standards have been fairly stable over the past three months, with credit easing at around the same pace as the previous quarter. That’s good news for potential borrowers. Even better, surveyed mortgage professionals said they don’t expect any major changes to credit requirements in the near future. That, combined with mortgage rates that are expected to remain steady in 2020, means the outlook for borrowers next year looks favorable. More here.