credit Archive

Return Buyers: Many Already Here, Many More to Come

Executive Summary Default rates jumped in 2006 and between then and 2014 nearly 9.3 million borrowers were foreclosed on, received a deed in lieu of foreclosure, or short sold their home.  To date, nearly a million of these former...

REALTORS® Confidence Index Survey: February 2015 Survey Highlights

A monthly survey of  REALTORS® about their transactions in February 2015 indicated an improvement in most local markets despite harsher winter conditions. The REALTOR® Confidence Index-Current Conditions, the REALTOR® Confidence Index-Six-Month Outlook, and the Buyer Traffic Index all increased...

Credit Availability: Trends, Issues, and Implications for First Time Home Buyers

Presentation by Dr. Laurie Goodman, Urban Institute REALTOR® University Speaker Series Dr. Goodman presented an analysis of mortgage credit availability, concluding that lending standards have been excessively tight as a result of reactions to credit problems experienced during the...

REALTORS® Continue to Report Tight Credit

About 59 percent of REALTORS® reported that a sample of buyers in July had FICO credit scores of 740 and above. In the 2001-04 time frame approximately, 40 percent of residential loans acquired by the Fannie Mae and Freddie...

Tight Mortgage Credit Weighs on Consumers

Tight credit restrictions can prevent consumers from getting a mortgage and making a home purchase. But over time, tight credit can impact a consumer’s expectations of the mortgage application process, reducing their willingness to even apply for a mortgage...