Tag Archives: Mortgage Credit

Analysis says lenders could resort back to tactics used prior to the Great Recession, which limited borrowers ability to achieve homeownership.

Information found that credit through the GSEs impacted the latest index. But was it a positive impact?

The mortgage market continued performing well in the first quarter of 2018, according to a report. Here’s what the numbers foretell for lenders looking at the non-prime market.

The availability of mortgage credit has dropped more than a full percent over the last month, indicating lenders are continuing to tighten their credit standards. Overall mortgage credit availability fell 1.1 percent in May and 0.2 percent in April. Broken down by loan type, government credit availability saw the biggest drop, falling 1.9 percent over the month. Conforming credit dipped 0.3 percent, while conventional and jumbo credit availability headed the other direction, rising 0.2 percent and 0.8 percent, respectively. Jumbo loan credit availability, which has risen 13 out of the last 15 months, has helped to offset falling credit availability in other sectors.

Credit availability in the mortgage industry declined in March due to administrative changes causing declines in the availability of conventional and super conforming loan programs.

A survey shows the demand is there, but the approvals have not been.

Consumer Financial Protection Bureau Director Richard Cordray called attention to the mortgage industry, particularly lenders, in a speech on Wednesday, where he highlighted some of the progress and pitfalls that the housing market faces.

The Consumer Financial Protection Bureau has announced the finalization of a rule that will improve information about consumers’ access to residential mortgage credit by updating reporting requirements of the Home Mortgage Disclosure Act.

Mortgage credit availability rose in July, mostly due to higher-balance loan programs, according to the Mortgage Bankers Association's Mortgage Credit Availability Index,

After years of post-crisis credit tightening, the availability of mortgage credit has slowly edged up from Q3 2013 to Q1 2015. The Urban Institute’s Housing Finance Policy Center reported that 4.6 percent of purchase loans that are likely to default increased to 5.7 percent, according to the Housing Credit Availability Index.