Sentences with phrase «u.s. home loan industry»

Columnist Daniel Indiviglio notes that the overall influence government backed mortgage loan programs on the U.S. home loan industry and housing markets is increasing: «Last week, they [FHA and VA purchase mortgage applications] accounted for 42.8 percent of purchase applications.»

Not exact matches

This particular practice of extending loans to people with poor records are seen in the U.S. mortgage industry as well and can be considered as one of the major reasons on why there are such a lot of foreclosures on homes across the country.

The white paper, The U.S. Housing Market: Current Conditions and Policy Considerations, calls for increased lending to creditworthy home buyers and more loan modifications, mortgage refinancings, and short sales to reduce the rising inventory of foreclosed homes and help stabilize and revitalize the housing industry; an approach long recommended by NAR to help spur the housing market recovery.

Wells Fargo and its two largest rivals, JPMorgan Chase & Co. and U.S. Bancorp, made half of all U.S. home loans in the first six months, says Inside Mortgage Finance, an industry publication.