Sentences with phrase «access to mortgage credit»

Housing industry stakeholders discussed how alternative credit scoring models could expand access to mortgage credit for responsible borrowers.

Unfortunately, inaccurate credit reports have denied access to mortgage credit or have raised the cost of credit for many prospective borrowers.

Your social security number isn't required and all rate quotes come with access to your mortgage credit scores.

I would argue that the first - time buyer share is lower than historical averages because access to mortgage credit is particularly tight for younger buyers.

Elements of each of these proposals point toward unavoidable higher costs for homebuyers as well as reduced access to mortgage credit.

Unfortunately, inaccurate credit reports have denied access to mortgage credit or have raised the cost of credit for many prospective borrowers.

C. Strengthen the FHA to Preserve the Important Role it Plays in Providing Access to Mortgage Credit for Many Middle - Class Families, Including First Time Homebuyers: It is important for Congress to preserve the important role that FHA plays in providing mortgage access for many first - time or low wealth home buyers and historically underserved communities, in a range of economic environments.

A diverse group of housing industry stakeholders participated in a credit access symposium recently to discuss how alternative credit scoring models could expand access to mortgage credit for responsible borrowers who may have thin credit histories or extenuating circumstances like medical debts.

The Mortgage Choice Act improves consumer access to mortgage credit with the full protection of the Ability - to - Repay and Qualified Mortgage rules.

«The inability of the FHA to match the GSEs» progress has a particular impact on access to mortgage credit for low - and moderate - income borrowers, most of whom can not put down a large down payment,» writes Goodman.

Generally, cities and towns with a population less than 20,000 qualify, but bigger cities are eligible if they are «rural in character» or don't have good access to mortgage credit.

In a recent survey of mortgage originators by the National Association of Realtors (NAR), it was revealed that most loan officers believe the move to a lower down payment will increase access to mortgage credit.

FHA has provided safe, affordable access to mortgage credit in a time when the private market abandoned housing finance.

NAR supports greater access to mortgage credit and consumer choice.

NAR President Moe Veissi wrote to Federal Reserve Chairman Ben Bernanke regarding tight access to mortgage credit, urging Bernanke to weigh in on three key rule proposals.

In particular, attention should be paid to what could be done to capitalize on the recent stabilization in house prices to improve access to mortgage credit and to foster competition in mortgage origination to ensure a more complete pass - through of low secondary mortgage rates to households.

In his testimony, Polychron proposed adjustments to a range of regulations that would provide consumers with valuable protections and safe access to mortgage credit.

Americans burdened with growing monthly debt payments will have restricted access to mortgage credit under the QM rule.

* Several factors could lift housing prices: An increase in potential home buyers, fueled by the growing ranks of Millennials — those born between 1980 and the early 2000s — poised to form their own households, combined with a near - historic lack of single - family homes for sale and growing access to mortgage credit.

(February 16, 2016) Last week saw more activity demonstrating the value of private Mortgage Insurance as a reliable way to enhance access to mortgage credit for consumers and protect taxpayers against housing losses, particularly through greater front end risk sharing by the GSEs

It puts behind us once and for all the kind of irresponsible lending that disrupted the housing market and so badly damaged our economy, and it provides strong new consumer protections while preserving needed access to mortgage credit,» he said of the rule and its Qualified Mortgage standard.

Programs like the 502 single family loan guarantee program provide lower - income families in rural areas unique access to mortgage credit.

At the same time, the GSEs have a mandate to provide broad access to mortgage credit.

At the same time, we're committed to maintaining widespread access to mortgage credit for responsible American families, which is the key to providing the middle class with access to home ownership and the key to returning to a robust, but sustainable, housing market recovery.

Just in time for the 2014 home - buying season, attitudes towards access to mortgage credit are improving and most Americans now believe it would be easy for them to get a mortgage, according to Fannie Mae's January National Housing Survey.

CalHFA also partners with local counties to provide access to Mortgage Credit Certificates that may enable first - time homebuyers to convert a portion of their annual mortgage interest into a dollar - for - dollar tax credit on their federal income tax returns.

Access to mortgage credit remains a challenge as well, particularly for those borrows with «thin» credit histories.

FHA occupies a critical role in the nation's housing finance system, with a mission to ensure access to mortgage credit is available to all Americans, in particular groups traditionally underserved by the private market, including low to moderate - income, minority, and first - time homebuyers.

«If lenders and the government - sponsored enterprises were to adopt alternative credit scoring methods, such as FICO 9 and VantageScore 3.0, they could expand access to mortgage credit without dramatically increasing risk in the housing market,» says Polychron.

-LSB-...] diminished credit scores have a direct impact on access to mortgage credit.

«The [FHA] served as a stabilizing force during [the] crisis by providing access to mortgage credit for underserved borrowers, and preserving a path to the middle class that can be passed on from one generation to another.»

According to a company bulletin that announced the change, Freddie Mac is broadening its parameters in order to «help expand access to mortgage credit.»

Generally, cities and towns with a population less than 20,000 qualify, but bigger cities are eligible if they are «rural in character» or don't have good access to mortgage credit.

NAR and a coalition of mortgage industry and consumer groups have gone on record strongly opposing the imposition of such a line, because it would preclude many of the existing products and activities designed to increase access to mortgage credit, lower the costs of homeownership, and foster innovations in home financing.

NAR continues to work with FHA and Freddie Mac and Fannie Mae to insure that people who wish to purchase a condominium have safe affordable access to mortgage credit.

By doing so, S. 1577 will ensure that consumers have greater access to mortgage credit and also more choices in credit providers.

Primarily, the bill aims to ensure consumer protections and adequate access to mortgage credit.

NAR President Moe Veissi wrote to Federal Reserve Chairman Ben Bernanke regarding tight access to mortgage credit, urging Bernanke to weigh...

Since 2010, NAR has called on industry participants to reassess and amend credit policies that have been unduly restricting consumer access to mortgage credit.

If they do not come out right from an access to credit standpoint, many otherwise eligible borrowers will be denied access to mortgage credit and others will pay significantly more for that credit.

The MI industry fully appreciates the impact of the QM rule, and what it takes for lenders to conduct business within the boundaries of the rule, while working to provide access to mortgage credit to homebuyers.

Access to mortgage credit is thawing, but it's still tough for many veterans and military families to build the credit and asset profile necessary for conventional financing.

Private mortgage insurance (MI) already plays a critical role in providing access to mortgage credit and protecting taxpayers, and is an essential part of a smooth transition and any future housing finance system, consistent with the following principles for reform:

For more than 60 years, private mortgage insurance (MI) has played a critical role in providing access to mortgage credit and protecting taxpayers.

According to a company bulletin that announced the change, Freddie Mac is broadening its parameters in order to «help expand access to mortgage credit.»

This premium cut «will significantly expand» access to mortgage credit and lower the cost of housing for the approximately 1 million households who are expected to purchase a home or refinance their mortgages using FHA - insured financing in 2017.

But supporters of the proposal also argue that FICO enjoys a monopoly and alternative credit scoring models could expand access to mortgage credit.

NAR will continue to work with FHFA in the coming months to ensure that borrowers in all markets don't experience a reduction in access to mortgage credit.