Articles Tagged with ''mortgage credit''

Urban Institute: It hasn’t been this easy to get a government-backed mortgage for 10 years

Mortgage credit availability for government loans rises to highest level since 2009
The government has made mortgage credit more readily available in the last few months than it has been at any point over the last 10 years, a new report from the Urban Institute shows. According to the report, the level of mortgage credit available for loans backed by the FHA, VA, and USDA was higher during the fourth quarter of 2018 than it was during any quarter since 2009.
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[Charts] Lenders tighten credit availability in second quarter

Comes down off first-quarter peak
Mortgage risk decreased during the second quarter this year, yet data from the Housing Finance Policy Center shows even if the default risk was doubled across all mortgage lending channels, it would still remain within the pre-crisis standard. The drop was due mainly toward a shift away from government channel loans, which are much looser than other lending channels.
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Early look: Lenders expect to loosen credit as mortgage demand weakens

Fannie Mae survey shows competition is driving changes
In the second quarter of 2017, lenders saw increased competition and decreased purchase demand in the housing market, according to an early look at Fannie Mae's second-quarter 2017 Mortgage Lender Sentiment Survey. However, lenders also said they have eased credit standards recently and expect further easing in the coming months, giving a slightly more optimistic outlook on the upcoming quarter.
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Urban Institute: Where have all the borrowers gone?

A new report on the shrinking borrower pool
A recent report from the Mortgage Bankers Association showed that mortgage credit availability is increasing, meaning it’s getting easier to get a mortgage and has been since 2011. Or so it would seem. A new report from the Urban Institute suggests that it’s actually more difficult to get a mortgage now than it was before the crisis.
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MBA: Mortgage credit once again loosens in December

Marks fourth consecutive month of loosening
The recent upward trend in mortgage credit availability didn’t let up in December, with credit now loosening for fourth months straight. Lynn Fisher, MBA’s vice president of research and economics, explains the driving forces behind the trend.
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Here’s the U.S. Treasury’s plan to preserve access to mortgage credit

In good times and bad
The financial crisis caused a major shift in the housing market as the credit box pendulum swung too far in one direction. The impact of this left many would-be homeowners with no financial options. The Treasury Department’s latest blog proposes three ways the government can make sure the housing market functions in good times and bad.
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[Chart] New from the CFPB: Here are the latest credit trends in mortgages

5 charts give snapshot of the industry
The Consumer Financial Protection Bureau created its first-ever Consumer Credit Trend report, providing a current snapshot of the industry to compare to past years. What does it show? For starters, the mortgage market surged in October, but beyond the snapshot, it’s the charts that are most informative.
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