Items Tagged with 'denial rates'

ARTICLES

  • Lenders aren’t very interested in small-dollar mortgages

    Deny smaller mortgage at higher rates
    Applicants looking to get a small-dollar mortgage struggle to get approved, but it has nothing to do with their credit worthiness. The denial rate for mortgages up to $70,000 was 18% in 2017. This is about double the denial rate for loans of more than $150,000 that same year.
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  • LendingTree reveals the cities with the highest rates of denied mortgage applications

    Here are the leading reasons for denials
    [Expert commentary] As the spring selling market heats up, buyers continue to face increasing odds against finding their dream homes. Inventory is low, demand is high and rates have been steadily creeping upwards for months. These factors are only complicating what can already be an arduous experience for would-be homebuyers hoping to get approved for a mortgage. In a new study analyzing more than 10 million mortgage application records, LendingTree found nearly one out of every 10 mortgage applicants, or 8%, is denied at the national level.
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  • MBA CEO stands by analysis of denial rates

    Argument distracts from "alarming trend" facing minority borrowers
    Following HousingWire's coverage of the prepared remarks of Mortgage Bankers Association CEO David Stevens' speech at the MBA's Secondary Markets Conference & Expo, the MBA has since issued the following statement.
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  • The most epic Twitter war, ever

    Housing finance policy leads industry experts to duke it out on social media
    It's not often that housing finance issues lead to epic Twitter wars, but a recent debate between MBA CEO David Stevens and Graham Fisher & Co. analyst Josh Rosner over HMDA data is perhaps the best thing going on social media right now.
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