lending Archive

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...

Credit Unions Do More Lending

Commercial real estate loans are very difficult to obtain. The lack of government backing (outside of multifamily mortgages) and a higher capital charge on office, retail, industrial, and other commercial real estate-related mortgages have severely hindered credit flow and...

FED: Demand Up, But Lending Remains Tight

The Federal Reserve released its quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) yesterday. Lenders experienced increased demand for mortgages in the 2nd quarter of 2012, but lenders’ standards remained tight even for prime loans. In...

Tight Credit and Slow Lending Continue to be a Problem

One of the most frequent comments by Realtors® responding to the latest RCI survey was a concern over unreasonably tight credit conditions, as discussed in the June 2012 edition of the Realtors® Confidence Index.   Respondents indicated that credit conditions...

FHA Condo Lending in a New Paradigm

FHA rules on lending for condos have been in the news recently. The rules that govern which apartment buildings the agency can offer lending at are blamed for limiting demand in the condo market and even driving down prices....