Mortgage Closing Ratio Worse, Credit Tighter
Residential loans closed more quickly last month. But closing ratios deteriorated and credit conditions were more restrictive.
Mortgage Leads Target Niche Borrower Segments
Buyers of mortgage leads can now target leads based on prospects' credit scores, home-buying or -selling status, or desire for a reverse mortgage.
Consumer Bankruptcies Surge to 24-Month High
Last month, consumers resorted to bankruptcy in numbers that haven't been seen in two years. On a month-over-month basis, filings soared 40 percent.
Jumbo Mortgage Credit Conditions Significantly Ease
A sharp improvement in the availability of jumbo loans helped drive overall credit conditions in home financing to the loosest levels in nearly a decade.
Rates Hurt Spring Purchase Financing Outlook
Rising interest rates on residential loans have senior mortgage banking executives less optimistic about spring home purchase financing than a year ago.
3rd Credit Bureau Settlement in 3 Months
Another settlement reached with a credit bureau marks the third such action in as many months and the third of the big three credit repositories to settle.
Approvals Automated for Nontraditional Credit
Loan applicants who don't have a traditional credit scores will soon be able to obtain automated approvals using nontraditional credit.
Q4 Mortgage Credit Risk Low
It's been 16 years since the quality of residential loans originated has been as low as it was in the fourth-quarter 2016. But higher risk is likely ahead.
Gov Share Up as Refinance Share Down, Credit Eases
As refinances took up a smaller share of monthly residential loan originations, government share widened, and loan approvals got easier.
Gov Programs Lead Easing in Mortgage Credit
For six consecutive months now, home lenders have made it easier to qualify for a mortgage. Government lending requirements led the latest loosening.