Upon initiating coverage this year, Fred Westra of Industrial Alliance Securities wrote, «alternative lenders will experience a golden age»
as tighter lending standards for banks push more customers their way.
As tight lending standards continue to lock many would - be buyers out of the market, one company plans to crack open the door to homeownership by providing crowdfunded down payment assistance from investors in exchange for a slice of a buyer's home equity.
Not exact matches
The nosedive in stocks has also discouraged consumer spending
as have mounting layoffs (Chart 5), maxed out credit cards and
tighter lending standards and weak consumer confidence.
The commissioner for
standards confirmed this
as my motivation based on evidence that I have worked on cross party campaigns to protect consumers, that I have long argued for
tighter regulation of the payday
lending industry.
Most entered the business after the financial crisis, with distressed sales, low inventories, and
tight lending standards as their reality.
Remember, there are fewer buyers right now,
as a result of soaring unemployment and
tighter lending standards.
Chairman Bernanke's comments contained a clear message:
tight lending standards that emerged after the housing boom are now holding back the housing market recovery and the economy
as a whole.
The housing crash and ensuing
tighter lending standards,
as well
as the prevalence of foreclosures and short sales, have made the average transaction harder to navigate without expert help.
Citing NAR's monthly Realtors ® Confidence Index, which has decreased this year while consumer confidence has risen, Yun said Realtors ® are generally optimistic, but certain factors such
as inventory shortages in parts of the country and
tight lending standards may be playing a role in their recent dip in confidence.
«
Tight inventory is limiting choices in many areas, higher mortgage interest rates mean affordability isn't
as favorable
as it was, and restrictive mortgage
lending standards are keeping some otherwise qualified buyers from completing a purchase.»
This decline in the serious delinquency rate among more recent vintages of mortgage originations partly reflects
tighter lending standards as represented by credit scores associated with mortgage originations.