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.
Mortgage Executive Outlook Increasingly Weaker
The outlook among senior lending executives for home values and mortgage demand has grown increasingly weaker over the course of this year.
Credit Conditions Worsen in November
Home lenders pulled back on the reins last month, with credit scores on funded business climbing and loan-to-value and debt-to-income ratios tightening.
Jumbo Cashouts Behind Increased Credit Availability
Credit conditions in home lending eased slightly last month. The improvement was attributed to new jumbo cashout programs.