Mortgage Insurance Guidelines Eased at Radian
Underwriting guidelines that were relaxed by Radian Guaranty Inc. impact loans used for new construction, jumbo mortgages and loans to medical professionals.
Closing Rate, Purchase Share Up as Credit Tighter
The good news is that productivity and purchase-share increased last month on home lending. But credit conditions tightened and turnaround slowed.
Millennials, Minorities Most Likely to Buy Home
For loan originators looking to target the most ripe prospects for home buying, a new survey points to millennials and minorities.
Mortgage Demand Rising, Credit Standards Holding
Senior mortgage executives expect that demand for purchase financing will keep rising. While a few noted a recent easing of credit standards, even fewer expect this to continue.
Radian to Insure Non-Traditional Credit Borrowers
Radian Guaranty Inc. has unveiled plans to insure residential loans to borrowers who are required to rely on non-traditional credit.
Consumer Bankruptcy Filings Fall to 3-Month Low
The number of new bankruptcy filings that were made last month by consumers descended to the lowest level during the last three months.
MGIC Eases Credit Score Requirements
Changes to lending requirements at MGIC will make it easier for some applicants with limited credit to qualify for a mortgage.
Mortgage Credit Tightest in Over Year
Credit availability for residential loan borrowers last month became more restrictive than they've been at any time in more than a year.
DTIs Likely to Rise Post-Closing
New research indicates that mortgage borrowers are more likely to increase their debt-to-income ratios after they close on a home loan.
Recent Decline in Mortgage Complaints
Although the volume of mortgage complaints has worsened compared to a year ago, mortgage firms are making progress on a month-over-month basis.