Friday , 2 June 2017
Home » Housing Finance » Lending Standards (page 3)

Lending Standards

First Timers Fade Away

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 »

Tight Lending Standards Slow the Economy

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 »

Purchase Loans Soar

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

Lenders Loosen up as Refis Tank

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 »

Purchase Mortgages Hit New High

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 »

Earn a 25% Commission Rebate on Any Home Purchase!