Items Tagged with 'credit standards'

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  • Monday Morning Cup Of Coffee: Mulvaney's CFPB losing interest in payday lenders?

    Are you surprised?
    Is Mick Mulvaney's CFPB easing up on payday lenders? The agency has dropped its case against one such lender and is mulling over dropping the cases of three more. Also, JPMorgan Chase predicts the turbulent market will calm down heading into the second quarter while S&P Global Ratings notes that falling housing profits over the last four quarters may be a side effect of fewer lenders easing credit standards.
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  • Fannie Mae: Fewer lenders easing credit standards

    But report negative profit margin outlook for sixth consecutive quarter
    Fewer lenders are choosing to ease their credit standards, despite their negative profit margins. Mortgage lenders reported a net negative profit margin outlook for the sixth consecutive quarter, matching the all-time low reading from the fourth quarter in 2016.
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  • Mortgage lenders begin to ease credit standards on GSE eligible loans

    Struggle with increasing competition
    A new survey shows that more lenders report they eased credit standards rather than tightened them, and many expect this trend to continue in the next quarter, especially for GSE eligible loans. Lenders’ comments suggest that competitive pressure and more favorable guidelines for GSE loans are reasons for this credit easing.
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  • Monday Morning Cup of Coffee: Consumer groups look to expand CFPB authority

    And Steven Mnuchin marries Scottish actress
    This weekend was full of economic news as Freddie Mac released its latest report forecasting a second wave of demand in the housing market and Fannie Mae’s lender survey showed credit standards are about to ease. But it wasn’t all work and no play. Treasury Secretary Steven Mnuchin celebrated his wedding amid Wall Street elite and Washington insiders.
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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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  • Easing lending standards bring back first-time buyers

    Capital Economics: The housing recovery needs this
    Easing mortgage standards are allowing first-time homebuyers to finally jump into the housing market after a rough start to the year held a lot of them back. A new Capital Economics report attributed some of the reason that lenders are now more willing to relax lending conditions to these two things.
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  • Trending Thursday: Is the job description “financial press” or “palace guard?”

    From the Fed to FannieGate, plus the impact of banking regulations and more
    A lot of people are suggesting that many of the mainstays in the financial press aren’t asking the right questions in coverage — from the Fed to FannieGate. Truth, or trolls? Plus credit conditions and the impact of regulations on mortgage banking. Read on, brave soul.
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  • Zillow: Mortgage lending tight, but not for long

    Data shows 4Q14 credit more restricted
    After loosening all year, credit standards began to tighten at the end of 2014. Yet the end of last year was also when the government started to announce a slew of new initiatives to expand the credit box. So what’s the future for mortgage lending right now?
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