Tag Archives: Credit Score

"We are seeing increases in inventory and, importantly, gains in newly listed homes for sale indicating sellers are more ready to make moves," said Danielle Hale, Chief Economist of Realtor.com. "Time on market fell, signaling that buyers are ready to make offers on these new options."

A new TransUnion study revealed how underserved and new-to-credit consumers significantly benefit from monitoring their credit, which “...has expanded considerably in awareness and usage over the past decade,” according to Charlie Wise, Co-Author of the study and Head of Global Research and Consulting at TransUnion.

As limited supply and affordability barriers continue to hinder potential homebuyers, Bankrate surveyed how U.S. adults feel about the ever-changing housing market, revealing that nearly half of all Americans believe it's a bad time to buy, while many others believe they'll never be able to afford their dream home. Here’s what else the survey revealed.

Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.

Among Americans who don’t currently own a home, 51% say they’re worried they will never attain homeownership, according to a new survey from LendingTree. Mortgage rates topped 7% last month and home prices hit new highs in June.

A House Financial Services Committee hearing featured industry experts dissecting the FHFA’s recent changes to the loan-level price adjustment fee structure used by the GSEs.

Underwriting processes to be enhanced to now support loans for credit invisible borrowers.

Despite a higher interest rate environment and the ever-present inflation, consumer credit health remains stable.

While the state of the market has made purchasing a home more difficult, military servicemembers—both past and present—face additional challenges such as frequent relocations due to changing orders.

“Today's decision will benefit borrowers and the Enterprises, along with maintaining safety and soundness," said Sandra L. Thompson, Director of the FHFA.