Items Tagged with 'credit availability'


Expanding mortgage credit availability isn't hard, if you do it right

Carrington Mortgage Holdings' Dan Magder on how to open the credit box
At meeting after meeting with mortgage industry executives, government officials ask all of us to expand mortgage availability to underserved borrowers. But those officials caution industry leaders in the very next breath, don’t loosen underwriting standards and return to the go-go days of the credit crisis. Hearing these seemingly contradictory requests, the lending community is left scratching its collective head. But there are ways to bridge the divide.
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Fannie Mae: Almost no lenders plan to ease credit standards

Lender survey results suggest constrained credit box will continue
A recent report from the Mortgage Bankers Association showed that mortgage credit availability is on the decline, with the Mortgage Credit Availability Index for May showing a decrease for the third straight month. And a new report from Fannie Mae suggests there's no light at the end of the tunnel for those who hope to see credit standards relaxed any time soon.
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Is the credit box finally showing signs of opening up?

Ellie Mae report shows easing lending standards
Over the last 18 months, the federal government and the enterprises that it sponsors have taken several significant steps in an effort to open up the credit box and ensure more lending is done to more people. Now, a new report from Ellie Mae suggests that those efforts may finally be taking hold.
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FHA continues push for expanded credit access

Supplemental Performance Metric will give insight about lenders
Furthering a program that was initially announced in May of last year, the Federal Housing Administration announced the implementation of one of the key facets of its “Blueprint for Access,” which is designed to expand credit access to underserved borrowers. Click through for all the details.
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Even Ben Bernanke can’t refinance right now

Suggests lenders may have “gone a little bit too far"
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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