Demand for Government Mortgages Jumps
A recent reduction in mortgage insurance premiums on government loans has apparently had a significant impact, with home lending executives reporting an increase in demand. Also improving was the outlook for home prices, credit conditions and profit margins.
Refinance Share at Nearly 2-Year High
It's been almost two years since refinance share has been as wide as it was last month. Closing ratios on all loans deteriorated, while credit scores on government-insured refinances soared.
Deal With Credit Bureaus Impacts Dispute Resolution
A settlement reached with the three national credit repositories makes it less certain that consumer disputes will end favorably for lenders.
Jumbo Out Front of Eased Credit Conditions
Credit conditions in the home lending industry eased for the second month in a row, and jumbo mortgage programs led the loosening.
Mortgage Closing Rates, Turn Times Improve
A bigger share of loan applications were closed last month, while it took less time to complete the loan process. But credit conditions tightened except for on conventional purchase financing.
Genworth Eases M.I. Requirementse
Updates to Genworth U.S. Mortgage Insurance guidelines impact jumbo loan amounts, minimum credit scores and maximum debt-to-income ratios.
Mortgage Credit Conditions Ease
Credit conditions in home lending were slightly better last month thanks to expanded loan-to-value ratios at the government-sponsored enterprises.
Demand Diminishes for Residential Lending
A survey of the nation's banks indicates that demand for a range of residential loan products has mostly been weakening.
Mortgage Credit Conditions Loosen in 2014
Home lenders loosened the purse strings in 2014-- with credit scores on closed loans moving lower and debt-to-income and loan-to-value ratios both moving higher.
GSE 97s Drive Up Credit Availability
An indicator of credit availability in home lending improved in December thanks to an expansion of loan-to-value ratios at the government-sponsored enterprises.
Fewer Bankruptcies Filed in 2014
Despite an up tick in the final month of last year, full-year bankruptcy activity moved lower in 2014.