Tag Archives: Borrower Profile

Here’s how certain lender operations affected critical defects of post-close loans, according to an analysis.

Compared to the prior period, the nation’s average Borrower Health Score was up 2.8 percent to 82.2, according to LendingTree, rebounding from the third quarter’s 1.6 point drop. The Borrower Health Score is calculated using the weighted average of credit score, loan-to-value ratio (LTV), and overall “lendability” of loan seekers in each state throughout the quarter.

Despite efforts to bring greater equality to the housing market, research conducted by Zillow suggests black and Hispanic homebuyers still face greater difficulties related to homeownership than whites. The study found blacks and Hispanics were more likely to apply for a mortgage insured by the Federal Housing Administration (FHA) than a conventional loan, and out of those that did go for a conventional mortgage, black and Hispanic applicants were far more likely to be denied.

In a recently released white paper, Equifax delves into undisclosed debt and offers recommendations for how to deal with a potentially difficult hazard.

Findings released in the National Association of Realtors├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó (NAR) annual Profile of Home Buyers and Sellers survey demonstrate what industry experts have been saying since the housing market started to pick up: Access to credit is going to have to loosen before mortgage-dependent homebuyers can make a more meaningful contribution to the recovery. According to NAR chief economist Lawrence Yun, conditions are especially restrictive for single and first-time buyers.

Recent findings released by online lender exchange LendingTree reveal that the financial health of prospective borrowers dipped in this year's third quarter after seeing a sizable improvement in the second. The company attributed the slight decline in borrower health to rising home prices, which boosted loan-to-value ratios across the country to a national average of 89.8 percent and put more financial pressure on potential borrowers. National health also experienced a slight drag from a dip in the average credit score of borrowers.

A study from Zillow finds three out of 10 Americans are still unable to get in on today's improving market as mortgage availability remains tight.

According to the Federal Reserve's latest quarterly Senior Loan Officers Opinion Survey, a net 3.1 percent of lenders responding said demand for "non-traditional" residential loans increased from the survey released three months ago and a net 25 percent of respondents said demand for loans from sub-prime borrowers was higher than it was in May. At the same time, a net 6.3 percent of lenders said they had eased lending terms and standards for non-traditional mortgage loans.

A new index from the Mortgage Bankers Association (MBA) and AllRegs shows credit availability opened up slightly from April to May.

Pro Teck recently examined the effect of the Federal Reserve's commitment to keep interest rates low on home prices, which have historically increased during such programs.