Fannie, Freddie CEOs get a well-deserved huge boost in pay

5 tips for new renters this summer

Can you afford it?

S&P Case-Shiller: Home price gains slowed in April

Nationally home prices gained 4.2%
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Items Tagged with 'credit availability'

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Urban Institute’s Goodman blames “broken” servicer rules for tight credit

Claims lenders are reluctant to lend to borrowers with “slight” risk of default
Ben Lane
Speaking recently at an Urban Institute seminar on mortgage servicing, Housing Finance Policy Center Director Laurie Goodman said that the current “broken” state of mortgage servicing regulations is partly to blame for the current tight lending environment.
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MBA: It keeps getting easier to get a mortgage

Mortgage credit availability rises again in April
Ben Lane
Thanks in large part to loosening government standards, it keeps getting easier to get a mortgage, the Mortgage Bankers Association said in a new report. Here's how it all broke down.
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Good news! Closing a mortgage still makes money

Origination volumes rise, but profits are down slightly
Ben Lane
Breathe easy everyone. Originating a mortgage is still a profitable endeavor. But it wasn't always this way.
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Even Ben Bernanke can’t refinance right now

Suggests lenders may have “gone a little bit too far"
Ben Lane
Speaking at a conference of the National Investment Center for Seniors Housing and Care in Chicago, Bernanke said that the market is so tight right now that he was unable to refinance his own home loan recently.
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MBA: Mortgage credit availability drops in August

Credit tightens but some loosening in home improvement, new construction
Trey Garrison
Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association.
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Wells Fargo CEO: GSEs choke mortgage business

“We’re just not going to make those loans”
Brena Swanson
Wells Fargo CEO John Stumpf warned the government-sponsored enterprises that they must stop being so quick to accuse banks of faulty underwriting and then forcing them to repurchase soured loans.
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Closing a mortgage finally makes money

Breaks 6 quarters of straight losses
Brena Swanson
After mortgage banker costs skyrocketed the past 6 quarters, well out of the realm of profitability, the latest Quarterly Mortgage Bankers Performance Report from the Mortgage Bankers Association reports the landscape shifted from losing money to making money, as costs came more under control.
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How hard is it to get a mortgage?

Depending on your circumstances, it’s not as hard as you may think
Ben Lane
The Wall Street Journal identifies two distinct segments of potential borrowers — one can get credit fairly easily while the second group has a significantly more difficult time.
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Mortgage credit slightly more available in June

FHA, VA loosening LTV, credit score criteria drives index up
Trey Garrison
Mortgage credit loosened somewhat in June as a result of a slight expansion of lender criteriafor minimum credit scores and maximum loan-to-value ratios in FHA and VA loans.
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Moody’s: Lenders making more credit more easily available

Trey Garrison
Lenders are making credit more available to borrowers with less than perfect risk scores because of declining loan losses and the improving economy.
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