consumer credit Archive

Green Shoots of Credit?

In recent weeks, several originators have announced new programs or initiatives aimed at expanding credit to borrowers with lower FICO scores.  These programs entail significant compensating factors or are geared toward niche markets.  Most indicators have not shown an...

Mortgage Credit Lags Consumer Credit Recovery

Consumer credit has been recovering, but mortgage lending continues to lag. Data from the Federal Reserve Board  shows that consumer credit debt is now higher than it was before the recession, while mortgage debt continues to decline. Based on...

Add Jobs: Adopt Reasonable Credit Requirements for Residential Mortgages

The Great Recession is over, but we are still short on jobs.  In responding to the Realtors® Confidence Index NAR members indicate that credit standards continue to be unreasonably tight.  The level of home sales appears to be held...

Mortgage Applications, Consumer Credit

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights mortgage purchase applications and consumer credit....

Consumer Credit

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses consumer credit....