How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
W S
The Ticker

Despite rising home values, millions still underwater

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

According to CNBC, three million homeowners rose above water on their mortgages this year, creating more positive equity and stability in the markets. The publication has more:

"Widespread rising home values during the past year have helped chip away at negative equity nationwide, helping many homeowners who were only modestly underwater to come up for air. For those homeowners who are deeply underwater, though, there is still a long row to hoe," said Zillow Chief Economist Stan Humphries. 

Source: CNBC
Read full story
Comments powered by Disqus