Mortgage Archive

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...

Lenders Pensive, But Warming to Government Overtures

It has become rarer for banks and lenders to hold the loans they originate.  One factor linked to tight credit is the process where loan investors force lenders to buy back mortgages they sold to the investor.  In this...

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...