Mortgage Archive

Lenders Optimistic on Changes

In recent months, two changes were made to government financing that were intended to improve credit availability.  Mortgage lenders who took part in the 4th quarter Survey of Mortgage Originators agreed that both programs, the new 3% down payment...

Private Capital Returns as FHA Contracts

With the recent changes to the FHA’s pricing, it’s worth reviewing the FHA’s impact on the market. There are a number of ways to measure the FHA’s market share. No matter which method is chosen, the FHA’s market share...

REALTORS® Continue to Report Difficulty in Obtaining Mortgages

Credit continued to flow to those with high credit scores, based on information provided by REALTORS® in the October 2014 REALTORS® Confidence Index Survey:  http://www.realtor.org/reports/realtors-confidence-index.   Almost half of  REALTORS® providing transaction credit score information reported FICO credit scores of ...

Lenders Tighten Modestly in the 3rd Quarter

In the 3rd quarter as in earlier surveys, respondents to NAR’s Survey of Mortgage Originators were asked about impacts of the Qualified Mortgage rule on the mortgage lending market.  However, this quarter the survey expanded to measure lender expectations...

QM Still a Concern

Some aspects of the qualified mortgage rule continue to weigh on the mortgage market.  According to NAR’s Survey of Mortgage Originators, despite overtures from the CFPB and modestly fewer issues, lenders tightened some restrictions in the 3rd quarter. The...