Sentences with phrase «for tighter underwriting»

Even FHA implemented a minimum credit score requirement, so the trend for tighter underwriting guidelines appears to be in motion.

Not exact matches

Credit is SUPER tight e.g. contracting income doesn't count, only counting 75 % of my rental income, assigning only a 1 % return on my CDs for asset based underwriting even though they are returning 3 - 4.2 %, etc..

One longs for more of all of them rather than the screen time devoted to a clunky nascent romance between Larry and the fetching docent (Carla Gugino in an underwritten role), a self - described history geek who may be having trouble finishing her dissertation, but has none when it comes to wearing a tight skirt or flashing a million - dollar smile.

Aside from the tighter loan requirements and stricter underwriting standards, people may be interested to find out the average FICO for FHA transactions remained steady at 683.

Underwriting standards are tighter than for many other secured cards.

The federal agency also wants tighter approval requirements and greater liability for lenders and mortgage brokers who want to originate, underwrite or service FHA.

These changes, while not dramatically expensive for consumers, compound on a number of other initiatives over the last year to reduce risky borrowing, such as the mortgage stress test for high - ratio buyers, an increase to the required minimum down payments and tighter underwriting for banks.

Continuing tight underwriting by lenders, low inventories in many markets, and rising interest rates are holding back growth in sales volume, said Yun, leading him to predict home sales of about 5.12 million for 2014, virtually the same level forecast for 2013.

The supply of homes for sale is very tight, especially starter homes, and underwriting requirements are more rigorous than they were in the past.»

There are many reasons for the drop in first - time buyers — strong home price appreciation, tight underwriting requirements, too - few homes for sale at affordable price points — but there's at least one bit of good news to report: The Federal Housing Administration (FHA) is making it a little easier for buyers to get federally insured financing for condominiums.

Those few lenders who continue to be active in the marketplace, including national players Bank of America and Wells Fargo and small community banks, ask for such tight underwriting criteria, only the most financially disciplined landlords appear to be able to secure loans.

However, some consumers are finding more stringent lending standards for getting a mortgage a roadblock to home ownership, and some housing experts have blamed tighter underwriting standards in recent years for continuing to hold back the housing market.