Sentences with phrase «loan underwriting standards»

In the housing market, this increase in prices was helped along by the relaxation of loan underwriting standards, which made it easier to obtain a mortgage and become a homeowner.

Although that competition has not resulted in any deterioration in loan underwriting standards, lenders are looking for any edge over the competition that they can find, he adds.

«Even with recent economic softness, this is a disappointing performance with home sales being held back by overly restrictive loan underwriting standards,» he said.

Today, banks are making sure they don't make the same mistakes again, so loan underwriting standards have become more stringent than ever before.

But because overly stringent loan underwriting standards have replaced standards that were far too lax during the boom years, people who have decent credit are often finding themselves shut out when they apply for a loan.

Tighter — and in some cases still - evolving — loan underwriting standards make it more critical than ever for buyers to make sure they're financially qualified for the purchase, says Marki Lemons, ABR, CRB, a broker with Keller Williams Realty Chicago Consulting Group.

«Although low mortgage interest rates are welcome, they are less meaningful compared to the tightness of loan underwriting standards,» Yun noted.

Yes, loan underwriting standards have tightened, in the middle of a credit bust.

The reduction in third quarter multifamily lending follows statements in the summer by the Office of the Comptroller of the Currency and the FDIC warning that loan underwriting standards have relaxed for commercial real estate overall.

Montegra is committed to remaining flexible when it comes to our loan underwriting standards and keeping the emphasis on getting loans closed for our borrowers.

Loan underwriting standards are more complicated with these types of deals because lenders have more than one party's financial situation to assess.

Loan underwriting standards are more complicated in TIC deals because lenders have more than one party's financial situation to assess.