Tag Archives: Credit Availability

Brett Brumley of Lender Toolkit discusses the challenges that lie ahead in the industry, and how advancements in artificial intelligence and machine learning will smooth the road ahead.

Recent announcements by the GSEs and the FHA are likely to shape the housing market in 2019. But which indicator will have a more immediate effect on homebuyers and sellers?

An analysis of HMDA data found that even though the rate of mortgages made to minorities is rebounding, the loan denial rates for this group remain high. Can alternative forms of credit scoring help them become homeowners?

The latest Consumer Expectations survey released by the Federal Reserve of New York has found that household expectations about income earnings and spending growth remain robust. But what are consumers saying about home price changes?

Over the course of the first and second quarters, mortgage credit availability has gone down slightly, according to a recent report. Mostly driven by market composition, the report notes government channels are losing more share due to tighter lending standards.

Banks have come under fire for their tight lending standards adopted in the wake of the crisis, but the Fed reported that some banks are beginning to lighten up.

In a report released Monday morning, Fitch outlined five big events—all of which have taken place in the past few months—that, taken together, "could have a relatively meaningful impact on home buyer psychology, pent-up demand and housing trends in 2015 and beyond," the company says.

While optimism—likely spurred by continuing job growth—is on the rise, the number of Americans whose household income has fallen off significantly over the last year picked up (hitting 14 percent), and a declining share expect their personal financial situation will improve in 2015.

As federal housing agencies push mortgage firms to lend to more consumers, a recent survey indicates most lenders feel the regulatory risk is still too great for them to lower their standards.

The issue is a commonly cited problem for younger first-time homebuyers, who, in addition to facing tight mortgage criteria, also have to clear the hurdle of saving for a down payment.