The serious delinquency rate on mortgages (90 or more days delinquent, in foreclosure or real-estate owned) peaked at 8.5 percent in January 2010 and has since declined to 5.4 percent as of July 2013, according to CoreLogic’s Insights blog. Read More »

The overall market share of single buyers declined from 32 percent in 2010 to 25 percent in both 2012 and 2013. First-time home buyers slipped to a 38 percent market share in the past year from 39 percent in a preview of NAR’s 2013 Profile of Home Buyers and Sellers. Read More »

Changes in lending standards by banks, undertaken to reduce their risk and preserve capital, have huge, macroeconomic effects on the economy. Not are not only restricting credit, they simultaneously reduce the demand for credit by businesses homeowners, even creating credit shocks that impact GDP. However, banks loosen standards to create a competitive advantage in the marketplace according to a new study by economists at the Federal Reserve. Read More »

Is mortgage credit loosening up a little or not? Read More »

Lending standards? What lending standards? Purchase loans are soaring as home buyers outmuscle refinancing home owners in the pursuit of mortgage credit. Read More »

Mortgages currently being originated stand a 14 percent higher risk of default due solely to current economic conditions, especially rising mortgage interest rates and falling underwriting standards. Read More »

In July, lenders loosened up their underwriting standards more than they have in yeas as purchase mortgages overtook refinancing as the leading source of mortgage originations according to Ellie Mae’s July Originations report. Read More »

In June the nation’s leading residential mortgage platform reported the highest market share of loans were closed for home purchases as opposed to refinancing mortgages in the two years the company has been reporting monthly origination data. Read More »

Tough lending standards have cut the risk of mortgage defaults lower than they have been in nearly a decade, but high unemployment is making it premature to declare victory in the mortgage crisis. Read More »

FICO scores for approved mortgage applications in April decreased slightly for the fifth consecutive month as lenders turned their attention to financing buyers during the spring buying season.

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