Items Tagged with 'credit availability'

ARTICLES

  • Monday Morning Cup of Coffee: Construction boom could ease affordability in 2018

    And what the latest DACA news means for housing
    To probably no one’s surprise, affordable housing continues to worsen in buyer and rental markets. But this could take a positive turn in 2018 as many experts continue to predict the market is shaping up for a construction boom. Unless, of course, the administration’s immigration policies continue to deplete the much-needed construction labor force.
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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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  • Is the mortgage credit box really loosening?

    Federal Reserve survey tells all
    While a recent report from the Mortgage Bankers Association showed a slight increase in mortgage credit standards, a survey from the Federal Reserve may tell another story. Most loan officers in the survey reported that credit standards remain the same, and jumbo loans are in fact the only product to see credit tightening for some lenders.
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  • 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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