MGIC Relaxes Program Requirements
MGIC has relaxed some of its underwriting guidelines. Among the changes are higher loan-to-value ratios, increased loan amounts and reduced credit scores.
Home Lenders Take More Risk, Gov Share Shaken Up
There was a significant change in the share of government home-loan originations last month. Meanwhile, lenders took more risk with credit scores and debt-to-income ratios.
Mortgage Disparity Between Operating Systems
In what appears to be a case of disparate impact, users of Windows and Android operating systems pay higher mortgage rates than Apple users.
Mortgage Standards Sustained at Banks
For most depository institutions, credit standards for a range of residential lending programs haven't changed much over the past three months. Demand was mixed.
Mortgage Credit Eases 5 Months in Row, Jumbo Leads
Lending conditions in real estate finance were more relaxed for the fifth consecutive month. Jumbo lending loosened most.
Bankruptcy Filings Slip But Up from Year Earlier
Fewer of the nation's consumers resorted to bankruptcy last month, though activity was heightened compared to the first month of 2016.
Mortgage Closing Rate Improves
A bigger share of home loan applications closed last month -- especially compared to a year ago. Purchase and conventional loans had the best closing rate.
10-Year Low for Consumer Bankruptcy Filings
Last year, there were fewer consumer bankruptcies filed than in any year during the last decade. Monthly filings, though, rose from a year earlier.
4 Consecutive Months of Easing Mortgage Credit
Credit conditions in residential real estate finance have loosened for four consecutive months. Jumbo lending eased most last month.
Another Credit Bureau Settlement Reached
Just days after a settlement was disclosed by one provider of credit services, another settlement has been revealed with another credit services provider.