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Tag Archives: Credit Standards

Fannie Mae Completes Final CIRT of the Year

In executing its 11th Credit Insurance Risk Transfer transaction of 2022 for $343 million, the GSE continues its effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market.

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Why Are Lenders Loosening Credit Standards?

According to a new survey from Fannie Mae, lenders have loosened their credit standards once again, marking the third straight quarter standards have eased up. Does this make a trend, though? And what’s inspiring lenders to expand the credit box? The survey has some interesting insights.

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A Credit Shuffle Among Mortgage Lenders

Fewer mortgage lenders are reporting that they are loosening credit standards, and many do not expect credit to become more accessible over the next few months, according to data from Fannie Mae.

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Fed: Economy Growing at ‘Modest to Moderate’ Pace Amidst Concerns Over Oil Prices

While lower prices are bound to keep Americans happy at the gas pump, they could potentially be a problem for housing in oil-dependent states, including Texas, Oklahoma, and Louisiana. If the current decline impacts the local labor market (as the Dallas Fed indicated Wednesday in its own Beige Book), it could be a weight on their housing health in the next few years.

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Report: Mortgage Regulations Have Had Positive Impact on RMBS Sector

While the onslaught of new mortgage regulations in the last year has created headaches for lenders, it's had a clear positive impact in one area, Fitch Ratings says in a new report: the residential mortgage-backed securities (RMBS) sector. In its latest look at the RMBS segment, the company says that while the market still has some rebuilding left to do, it "has seen some rather substantial improvements of late," owing in large part to improved loan underwriting standards in recent years.

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Large Lenders Taking More Risk, Small Banks Cautious

Credit standards at large lenders appear to be loosening somewhat, while criteria at small and mid-sized lenders appear to be tightening, according to a new survey from Fannie Mae. Fannie Mae surveyed executives at its lending customers during the first two quarters of this year for its first ever Mortgage Lender Sentiment Survey.

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Mortgage Credit Availability Down in April

A report released by the Mortgage Bankers Association (MBA) showed that mortgage credit availability was down slightly in April, which means a tightening of standards in the mortgage industry. The results showed that the Mortgage Credit Availability Index decreased by 0.18 percent to 113.8 from March to April. Credit availability is, however, still above the index benchmark of 100, which was set in March of 2012.

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Credit Standards Stay Put for Prime Mortgage Products

According to the Federal Reserve’s Senior Loan Officer Opinion Survey, released Monday, 14.3 percent of bank respondents reported tightening their credit standards on prime residential mortgages “somewhat,” just slightly higher than the 12.9 percent that eased standards somewhat. The vast majority—72.9 percent—said standards “remained basically unchanged.”

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