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.
According to a company bulletin that announced the change, Freddie Mac is broadening its parameters in order to «help
expand access to mortgage credit.»
Housing industry stakeholders discussed how alternative credit scoring models could
expand access to mortgage credit for responsible borrowers.
The Federal Housing Agency is taking additional steps to
expand access to mortgage credit for underserved borrowers.
According to a company bulletin that announced the change, Freddie Mac is broadening its parameters in order to «help
expand access to mortgage credit.»
According to a company bulletin that announced the change, Freddie Mac is broadening its parameters in order to «help
expand access to mortgage credit.»
Not exact matches
Fannie has been looking at other ways
to expand access to mortgages, such as considering newer
credit scores that are more forgiving.
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.
«Preserving federal assistance for the lowest income renters, protecting and
expanding housing production programs like the Low - Income Housing Tax
Credit and the National Housing Trust Fund, and ensuring that low - and moderate - income first - time homebuyers have
access to affordable, safe
mortgages are clear ways
to improve stability of families and our economy.»
We need
to expand credit availability in the
mortgage market
to help ensure that more creditworthy families can
access homeownership, which offers greater housing security and more opportunity for wealth - building than renting.