The real reason Fannie and Freddie don't do principal modifications

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line
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Items Tagged with 'credit availability'

ARTICLES

How hard is it to get a mortgage?

Depending on your circumstances, it’s not as hard as you may think
July 24, 2014
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
July 8, 2014
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

June 23, 2014
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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Senior Treasury official: Recapitalizing GSEs would take 20 years

Reiterates support for plan to wind down GSEs
June 13, 2014
"Even if truly rehabilitating the GSEs were possible, recapitalizing them adequately would take at least twenty years,” Treasury Under Secretary Mary Miller said. “During these 20 years, the taxpayer would remain at risk of having to bailout the GSEs during another downturn."
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Warren’s student loan bill blocked by Senate Republicans

Is the “crush” of student loan debt here to stay?
June 11, 2014
The bill is just the latest in a line of legislation to fall victim to the warring parties in Congress. Republicans accused Warren and the Democrats of playing politics by putting the bill forward, knowing that it had little chance to pass.
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Obama announces plan to ease “crushing” student loan debt

What does it mean for housing?
June 9, 2014
In his remarks, and in his weekly radio address, President Obama spoke of the “crushing” debt that students face and how it impedes economic growth. The President said: “If somebody plays by the rules, they shouldn’t be punished for it.”
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Looking for a last minute graduation present? How about crushing debt?

Student loan debt keeps climbing, keeps younger buyers from actually buying
May 16, 2014
It’s graduation weekend at many colleges across the nation. It’s a time of celebration and joy. But the real world is about to smack many of these graduates square in the face.
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New FHA program heralded as positive step towards easing credit crisis

BPC's Patenaude: FHA's plan is timely and promising
May 13, 2014
"Importantly, the FHA's Blueprint for Access recognizes that it is possible to responsibly increase mortgage access for underserved borrowers without exposing lenders and the taxpayers to significantly greater risk,” Pamela Patenaude, director of housing policy for the Bipartisan Policy Center said.
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FHA announces plan to expand credit access

Plan offers MI discounts for borrowers, provides clarity on FHA policies
May 13, 2014
The Federal Housing Administration has released its “Blueprint for Access” which outlines the additional steps the agency is taking to expand credit access for “underserved borrowers.”
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Monday Morning Cup of Coffee: FICO execs say borrower credit keeps improving

Spring selling still going slow
May 11, 2014
It’s been said that we’re in a seller’s market right now, but it appears that some sellers may be taking that belief a little too far. Overpricing a home could drive away many potential buyers, especially those with limited credit access. Not all of us can get jumbo loans.
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