Financing Archive

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...

Current Lending Patterns Don’t Reflect Performance

The delinquency rate measured 12 months after origination has improved dramatically on mortgages backed by Fannie Mae and Freddie Mac. According to the FHFA’s first quarter report on the enterprises, the 12-month delinquency rate is now back to 2002...

Saving Pennies to Pay Off Mortgages

By now many of you have heard of a Boston man who paid off his final mortgage payment by bringing to bank a box of pennies weighing 800 pounds and worth a grand total of $620. Turning in the...

Tight Credit: FICO Scores and Mortgages

A number of Realtors® responding to the April RCI Survey indicated continued exceptionally tight credit conditions. A comparison of FICO scores for loan transactions as reported by Realtors® responding to the RCI over the February/March/April time span compared with...

REALTORS® Report Local Banks as Largest Source of Finance Capital

Lending conditions continue to remain tight for commercial real estate investments. This is especially pertinent for small businesses and investors looking for properties in secondary and tertiary markets. In the wake of the post 2008-09 recession shakeout, large banks...