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Tag Archives: Credit Score

Homes of “Steel”

A study ranked the top cities for first-time homebuyers on the basis of factors such as average down payment and credit scores. Which metro turned out to be the best bet? Hint: You can’t miss the “steely” resolve of this city.

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The Factors Impacting Real Estate Trends

Dr. Lynn Fisher, Resident Scholar and Co-Director of the Center on Housing Markets and Finance, AEI on the rising riskiness of securitized loans and what actions the industry can take to alleviate the current inventory challenges. Editor’s Note: This feature originally appeared in the July issue of DS News.

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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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Commentary: What’s in Store for Housing in 2014, Part 2

Despite recent gains, which some of us believe are more of a mirage than an oasis, the economy still isn't creating enough good-paying full-time jobs to drive a full recovery in the housing market. At the same time, stricter lending requirements--and a lending environment likely to get more challenging before it gets easier--are the other major headwinds that could slow down housing.

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FHA Updates Underwriting Guidelines for Evaluating Borrower Risk

The Federal Housing Administration (FHA) issued new guidelines for manually underwritten loan applications that should improve a lender's ability to evaluate borrowers' risk and reduce credit requirement ""overlays"" that exceed FHA's lending standards. The agency says the move will help restore its depleted Mutual Mortgage Insurance Fund from which it pays claims without forcing lenders to over-tighten credit standards.

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