Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S
Lending / The Ticker

Mortgage buyers start to regain territory in home sales

/ Print / Reprints /
| Share More
/ Text Size+

Buyers who take out a mortgage to acquire properties are reclaiming their territory in the housing recovery, with applications 12% higher than levels seen a year ago, a report for Capital Economics shows.

Up until recently, the increase in home sales was due to demand from investors, with mortgage buyers only representing a slim percentage.

Additionally, the net percentage of banks that are loosening mortgage lending criteria grew to 7.8% in the past three months to April from 4.6% in the previous three months.

However, even with looser lending criteria, banks are still weary of lending to borrowers with anything less then healthy credit. 

Recent Articles by HousingWire Staff

Comments powered by Disqus