credit Archive

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...

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...