Home / Tag Archives: credit (page 5)

Tag Archives: credit

GSEs Expand Credit Box, Take More Lending Risk

A new index shows the GSEs are expanding their credit boxes and taking more risk, making it easier for consumers to get a mortgage loan. Government, portfolio, and private-label security channels are not expanding the box, however, and are actually decreasing the amount of risk they take in lending. Though overall mortgage credit availability is largely stable, there is still much room to expand the credit box—particularly in these more stringent markets.

Read More »

Small Cities Post Higher Credit Scores Than Big Ones

Higher credit scores are by far the domain of small cities near major ones. A new study of average credit scores by LendEDU shows that among major cities, top average scores are moderate compared to most smaller cities. And there is no geographical area that owns high or low scores.

Read More »

Conforming Loans Can’t Keep Up

Analyzing data from Ellie Mae’s AllRegs Market Clarity tool, the Mortgage Bankers Association determined that its Mortgage Credit Availability Index increased 3.2 percent in March. However, conforming loans access decreased by 2.6 percent, as mid-priced homes have jumped in price.

Read More »

The Week Ahead: Hope For Credit Growth

The Federal Reserve will release its February 2017 Consumer Credit survey. Previous studies have revealed that although ejection rates on credit applications declined, consumers still felt pessimistic. For example, February’s report revealed that consumers were 12.2 percent less likely to apply for a mortgage refinance than before.

Read More »

Case-Shiller: Home Prices Fall Short of Market Expectations

In its latest S&P/Case-Shiller Home Price Indices report, S&P Dow Jones Indices recorded an annual price increase of 10.8 percent among both the 10- and 20-city composites. Those figures compare to year-over-year increases of 12.6 percent and 12.4 percent, respectively. A consensus of economists surveyed by Econoday called for a gain of 11.4 percent in the 20-city index.

Read More »

Home Price Growth Slows in Q1

Real Estate Market

According to the latest quarterly report by the National Association of Realtors (NAR), year-over-year home price growth continued in most metros, albeit at a slightly lessened pace. The median existing single-family home price increased in 74 percent of measured markets.

Read More »