Mortgage Lending, Outstandings Grow, HELOCs Down
The quarterly volume of home loans originated and outstanding increased. But home-secured credit lines outstanding were down.
Mortgage Lenders Raise Level of Risk
Credit scores on closed home loans have moved lower for five consecutive months. At the same time, debt-to-income ratios stand at their highest level since early last year.
Realtors Criticized for Faulty 1st-Time Buyer Data
Home sales data recently published by the nation's Realtors indicating that first-time homebuyers account for a shrinking share of the market is just plain wrong, according to a new report.
Continued Gains in Availability of Mortgage Credit
The availability of credit in home lending expanded last month, has eased four consecutive months and stands at the highest point in six years.
Consumer Bankruptcy Filings Rise
More consumers resorted to bankruptcy last month than did during September. Business bankruptcy filings also moved up.
Non-QM Demand Weakens at Banks
A survey of lending officers at the nation's banks suggests that demand for loans which don't meet the Qualified Mortgage Rule standards weakened over the past three months.
BofA, Ocwen Rate Poorly on Complaint Ranking
Given their ranking among mortgage firms, Bank of America Corp. and Ocwen Financial Corp. have a high number of mortgage complaints against them.
Credit Scores Fall, Though LTVs Tighten
Credit scores on monthly residential loan closings increased -- with average credit scores dropping to the lowest level in at least four years. But average loan-to-value ratios have tightened up.
Changes Coming to Fannie's Credit History Analysis
Fannie Mae is enhancing its automated underwriting system to improve the analysis of credit histories and the use of nontraditional credit.
GSE Helps Drive Up Mortgage Credit Availability
Mortgage credit conditions eased slightly last month, and it was affordable government-sponsored enterprise offerings that led the improvement.