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Home | Tag Archives: LendingTree

Tag Archives: LendingTree

Average Down Payments Shrink in Q1 2014

According to a report released by LendingTree, down payment percentages for 30-year fixed-rate purchase loans fell in the first quarter to an average of 15.78 percent, down from just higher than 16 percent in the last quarter of 2013. At the same time, the company found average credit scores for borrowers matched with lenders on its own network have dropped 6 percent year-over-year, opening up the credit pool a little more.

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Declining Refinances Drive Increased Lending

Compared to the prior period, the nation’s average Borrower Health Score was up 2.8 percent to 82.2, rebounding from the third quarter’s 1.6 point drop, according to LendingTree. The Borrower Health Score is calculated using the weighted average of credit score, loan-to-value ratio (LTV), and overall “lendability” of loan seekers in each state throughout the quarter.

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Homeowners, Buyers Maintain High Hopes in Survey


A recent survey from LendingTree shows the majority of current and potential homeowners have a bright outlook on the nation's housing market and economy for 2014—which may translate to a more active market. According to the findings, more than two-thirds—69 percent—of respondents have a positive outlook on housing this year, and 71 percent of current homeowners are thinking of selling their homes if trends remain positive.

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Down Payments Continue to Decline in Third Quarter

The average down payment on a 30-year, fixed-rate mortgage loan in the third quarter of this year was 15.73 percent, according to LendingTree, an online marketplace connecting potential borrowers with lenders. The third-quarter average is down 2.74 percent from the previous quarter. LendingTree suggests the drop is due to a slight loosening of standards by lenders across the nation.

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Borrowers Deemed Less Healthy in Q3 as Prices and LTVs Rise

Borrowers' financial health deteriorated in the third quarter after seeing marked improvement in the previous three-month period, according to recent findings released by the online exchange LendingTree. The company's measurement of borrower health is based on average loan-to-value (LTV) ratios and average credit scores, and with rising home prices, potential borrowers faced more financial pressure.

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Prospective Borrowers Improving Their Chances of Getting Qualified

Tight lending standards may be keeping some prospective borrowers out of the market, but according to LendingTree, consumers overall are increasing their likelihood of getting approved for a home loan with higher credit scores and lower loan-to-value (LTV) ratios. Over the last year, average credit scores for prospective borrowers rose by more than 10 points, LendingTree revealed in a Q2 borrower health report. At the same time, average LTVs improved, falling 1.6 percent. According to the report, prospective borrowers in Washington D.C. have the strongest profile when it comes to qualifying for a home loan.

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LendingTree Ranks States by Average Monthly Mortgage Payments

When calculating average monthly mortgage payments by state and the District of Columbia, Lending Tree found the nation's capital has the highest average monthly payment and highest share of income that goes toward a house payment. In D.C., monthly mortgage payments average $1,641, while 31 percent of household income goes toward a mortgage, according to LendingTree. Hawaii ranked second with its average payment of $1,536, and homeowners in the state spend about 30 percent of their household income for a house payment.

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Survey: Consumers Don’t Comparison Shop for Mortgages

Consumers usually hunt for the best deal -- except when it comes to their mortgages. While 96 percent of American consumers compare prices when shopping, nearly 40 percent obtain just one home loan quote, according to a new survey from LendingTree. The survey also revealed that only 28 percent of borrowers are very confident they received the best possible deal on their current mortgages. Even though 85 percent of consumers use the Web to comparison shop other items, only 21 percent say they shopped online first for mortgage rates.

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LendingTree to Acquire SurePoint Lending

The online lending marketplace LendingTree, LLC has agreed to acquire the assets of Louisville, Kentucky-based SurePoint Lending, a traditional mortgage originator. The acquisition will give LendingTree, which operates exclusively online as a loan exchange for borrowers to shop different lenders, a branch network for the first time in company history.

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LendingTree Sues Zillow and Three Others over Internet Loans

LendingTree has filed a lawsuit against the online real estate marketplace Zillow Inc. and three other competitors, which alleges the companies stole LendingTree's method for providing borrowers with a comparison shopping experience for home mortgage products. The North Carolina-based online lending exchange claims its four rivals all infringed on LendingTree's 2002- and 2003-patented formulas for competitively matching borrowers with lenders based upon a single loan application from the consumer.

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