Complaints Improve More for Mortgages Than Overall
Although there has been no reduction from a year ago in overall financial services complaints, the mortgage industry has made an improvement.
Fastest Growing Mortgage Firms
Inc. magazine is out with its list of the fastest-growing companies in America, and there were four mortgage-related firms that ranked among the top 500.
Mortgage Credit Tightens as Closing Rate Improves
As loan-to-value ratios tightened last month, credit scores have risen each month this year. But a bigger proportion of loans closed as refinance share rose.
Consumer Bankruptcies Sink to 6-Month Low
The number of consumers who resorted to bankruptcy last month tumbled both on a month-over-month and year-over-year basis to the lowest level in six months.
Mortgage Credit Conditions Reverse Course, Ease
After tightening for the prior two months, mortgage credit conditions were somewhat looser last month. Jumbo and government conditions eased most.
CRE Credit Stds Tighten as Residential Demand Up
Banks that make commercial real estate loans are reporting that credit standards have recently tightened. Meanwhile, demand for residential loans has risen across the board.
FICO CEO Discusses New Credit Scoring Models
In an interview, the chief executive officer of FICO talked about how his company's credit scoring model compares to some newer methods.
Mortgage Complaints Fall From Year Earlier
As complaints by U.S. consumers about all types of financial services rose over the past year, the number of mortgage complaints has diminished.
Monthly Mortgage Metrics Deteriorate
Home loans took longer to close last month, and the closing rate deteriorated. Meanwhile, the average credit score moved higher on a month-over-month basis.
No Ease in Mortgage Credit for 8 Months
It has been nine months since credit conditions in home lending have improved, with current conditions the tightest in 16 months.