Mortgage Archive

For the FHA, Pricing Springs Eternal

Following several years of premium increases, the FHA implemented a 50 basis point reduction in its annual mortgage insurance fee in 2015.  The sharp reduction was expected to boost affordability for entry-level and disadvantaged home buyers and to stimulate...

Will Setting Clear Rules Help Expand Credit?

When lenders originate a loan, they often sell these loans to investors rather than holding the loans in their portfolios.  These investors set requirements for the loans they will buy and if those requirements are not met, they may...

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® Reported High Credit Score Requirements Are Easing

Qualifying for a mortgage is still generally difficult, although becoming easier, according to the February 2015 REALTORS® Confidence Index Survey. About 52 percent of REALTORS® providing transaction credit score information reported FICO credit scores in the range of 620-740;...

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...