credit Archive

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...

REALTORS® Report Tight Financing/credit

Each month, the National Association of REALTORS® gathers up-to-date and on-the-ground incisive comments from REALTORS® who participate in the REALTORS® Confidence Index (RCI) survey. The RCI survey tracks expectations about overall market conditions, buyer/seller traffic, price, buyer profiles, and...

Mortgage Availability: Excessively Tight Credit Conditions

Recently released government data for 2011 from the Home Mortgage Disclosure Act (HMDA) shows just how tight mortgage credit has been. Incomes of prospective purchasers have increased since 2004, but the loan to income ratio has declined. The median...

Credit Conditions Continue to be Tight

Each month, the National Association of REALTORS® obtains up-to-date and on-the-ground incisive comments from REALTORS® who participate in the REALTORS® Confidence Index (RCI) survey. The RCI survey tracks expectations about overall market conditions, buyer/seller traffic, price, buyer profiles, and...

Lenders Reluctant to Issue FHA Loans

REALTORS® have been aware of tight lending conditions for years.  Data on average FICO scores, debt-to-income ratios and downpayments support this conclusion.  However, a recent survey conducted by the Federal Reserve sheds more light on which factors are driving...