Credit Stds Tightening More at Small, Midsized Firms
The trend in home lending credit availability varies depending on whom you ask. In general, large mortgage lenders are more optimistic than their smaller counterparts.
Mortgage App Closing Rates Improve Again
As refinance activity remains restrained, loan origination efficiency continues to strengthen -- with the closing rate on loan applications increasing again.
Government Mortgages Push Up Credit Availability
The availability of credit for home loans loosened last month thanks to an easing of standards on government-insured and -guaranteed mortgages.
3 Months Of Decline for Bankruptcy Filings
A healthy decline was recorded for personal bankruptcy filings last month, bringing to three the number of consecutive months of improvement.
How to Qualify Borrowers With Prior Bankruptcies
Borrowers who have previously filed for bankruptcy can qualify for a residential loan, but only under certain conditions.
Jumbo, FHA Behind Rise in Mortgage Credit Supply
Increased jumbo lending and lower credit scores on government-insured mortgages helped lift the availability of credit on home loans.
Bankruptcy Filings Retreat 2nd Consecutive Month
The number of new bankruptcy filings by American consumers moved lower for the second month in a row, and the outlook is for more of the same.
Alleged Mortgage Compliance Breaches Lead to Litigation
As home lenders defend themselves against alleged violations of Federal Housing Administration policy and credit reporting errors, one non-compliance case is being considered by the highest court in the land.
Lending Metrics Change as Refis Evaporate
As refinance share dropped to the lowest level in years, refinance credit scores have tumbled and high loan-to-value lending has diminished.
FHA Loans Behind Rise in Risk Index
The level of risk on last month's overall home loan originations was higher thanks to government-insured mortgage production.