Mortgage Bankers Relax Credit 3rd Month in Row
For the third month in a row, home lenders have been more aggressive about which loan applicants they will approve. Conforming credit eased the most.
How Borrowers Can Mitigate Equifax Breach
Your current and prospective borrowers can take steps to mitigate the massive breach at Equifax Inc. of personal data on more than 140 million Americans.
Consumer Bankruptcies Jump, Though Yr-Over-Yr Dip
A sharp increase over the preceding month was recorded for U.S. consumers who resorted to the bankruptcy courts. But filings eased somewhat from a year ago.
Mobile Apps for Appraisals, Credit, Originations
Mortgage service providers have launched or updated mobile applications to help with appraisals, credit reports and production. A pair of reports offer insight into mobile technology.
Good Mortgage Terms for Credit-Stained Borrowers
The Federal National Mortgage Association is reminding its lenders that it can buy loans to consumers who have a previous bankruptcy or foreclosure.
Jump in Default Risk on New Mortgage Originations
The risk of default on new quarterly mortgage originations turned significantly higher as production plunged, though seasonal factors played a role.
VA Mortgage Share Up as Credit Conditions Ease
Veterans home loans guaranteed by the government have grabbed a bigger share of the mortgage market over the past year. Credit scores and income ratios have eased over the same period.
Consumer Bankruptcies Down 2 Consecutive Months
The number of consumers who resorted to bankruptcy fell for the second month in a row. But filings remained elevated versus a year ago.
Agency ARM Updates Behind Looser Mortgage Credit
Updates to agency parameters for adjustable-rate mortgages were behind an improvement in home-lending credit conditions. It was the second month in a row of easing.
Credit Score Senate Bill Introduced
Legislation that would force the government-sponsored housing enterprises to allow multiple credit-scoring models has been introduced in the Senate.