Sentences with phrase «housing loan approvals»

The value of housing loan approvals and movements in housing credit outstanding track one another closely (Graph C1), although the value of approvals is typically at least double the dollar value of the movement in credit, due to repayments of principal and drawdowns of existing facilities.

To put these numbers into perspective it is useful to consider the likely impact on credit growth of the 5 per cent decline in the value of housing loan approvals recorded in November 2003.

The strong growth in household borrowing looks likely to continue at least into the early months of 2004, with housing loan approvals remaining at a very high level, despite falling in November for the first time in more than a year.

The value of housing loan approvals increased, from an average of around $ 12 1/2 billion per month over the first three quarters of 2004 to $ 14.2 billion in February (Graph 28).

In recent months, as discussed in the section on Domestic Economic Activity above, housing loan approvals have stabilised after the strong growth recorded earlier, but they remain at a high enough level to generate continued strong growth in the value of loans outstanding.

Given the relationship between the level of housing loan approvals and the dollar - value movement in housing credit, it is possible to derive a relationship between the percentage change in approvals and the growth rate of credit.

Over the past year, household credit has increased by around 20 per cent, and with the value of housing loan approvals continuing to rise over recent months, there seems little prospect for a near - term slowing in the pace of growth.

However, as noted in the chapter on «Domestic Economic Conditions», housing loan approvals remain at a high level, which suggests that further falls in approvals would be required for housing credit growth to fall to a sustainable pace.

The value of housing loan approvals peaked at around $ 15 billion a month in October 2003 and has now fallen in each of the four months to February, to an amount currently around $ 12 billion a month.

This widening in the gap between fixed and variable housing rates is likely to have contributed to the pick - up in the proportion of borrowers choosing to take out fixed - rate housing loans: in November 2004, the latest available data, 11 per cent of new owner - occupier housing loan approvals were at fixed rates, up from 7 per cent three months earlier and the highest share since the beginning of 2004, which followed a period of monetary policy tightening (Graph 45).

The value of housing loan approvals was down by 25 per cent from the peak in late 2003.

The decline in issuance was sharper than can be readily explained by seasonality and the fall in housing loan approvals in 2004 and appears to have been driven by a fall in issuer supply rather than investor demand, given that primary spreads have narrowed by at least 5 basis points over the period, to historically low levels.

Despite the sharp fall in housing loan approvals, growth in the stock of housing credit has continued to accelerate.

Not exact matches

This follows a period in 2002 and 2003 when it was stronger than would have been suggested by the prevailing level of loan approvals, perhaps partly reflecting a greater than usual amount of redrawing of funds from existing housing loans.

However, the current high level of loan approvals suggests that housing credit growth will nonetheless remain very fast in the near term (see Box C in the chapter on «Domestic Economic Conditions»).

Despite the recent decline, further significant falls in loan approvals will be required to return the rate of housing credit growth to a level that is sustainable in the medium term (see «Box C» for further details).

Looking forward, there is little evidence to suggest that the rate of credit growth is likely to slow in the near term, with new loan approvals for housing having increased by 24 per cent over the six months to August.

After increasing strongly during much of 1997, loan approvals for housing appeared to level out in the early months of this year, before showing a strong further rise in June (Graph 15).

Finally, rather than falling, if the value of loan approvals was to grow by 2 per cent per month from the November 2003 level until the end of 2004, housing credit growth would be expected to remain at around its current rate of close to 25 per cent.

«May we ask, if the loan is for public good, why the secrecy in the sitting of the House and hurried approval of the loan?

The Akwa Ibom House of Assembly on Tuesday gave approval for the state government to obtain a loan of N10 billion from the Excess Crude Account (ECA).

The Acting President, Prof. Yemi Osinbajo, has requested approval of the House of Representatives for fresh $ 1.28 bn and $ 9m loans under the 2016 - 2018 External Borrowing (Rolling) Plans of the Federal Government.

So as long as you find your dream house and officially apply for your loan approval in that time period, you're good to go!

Homeowners are required to receive counseling through a HUD - approved housing counselor as a condition of loan approval.

If there are safety concerns for the house, they must be fixed prior to approval for the FHA loan.

Our in - house approval process allows us to fully process, underwrite, and back every loan as soon as it's approved.

A 123 Cash Credit Loan Online is somewhat similar to loans that are offered by cash loan store lenders yet borrowers need not leave the house to apply for, get approval for or receive their cLoan Online is somewhat similar to loans that are offered by cash loan store lenders yet borrowers need not leave the house to apply for, get approval for or receive their cloan store lenders yet borrowers need not leave the house to apply for, get approval for or receive their cash.

mortgage pre-approval before shopping for a home speeds up the underwriting and loan approval process, and allows you to go house - hunting with a good deal of certainty about what you can afford

CS said my Approval Odds were very good for a Discover Card, TU 735, EQU 696, no late payments in 3 yrs, A chap 13 BK in 2009 that's still on my Equifax Report and they said it will stay there for 10 years, the others have removed the BK, No car note, 10 more house payments, wife died in 2012 with no life insurance I maxed out three cards and took out two loans to bury her, God is good, I'm a disabled War Vet and cant work, I hung in there and paid everybody on time, I have two Capital One CC $ 1200 and $ 3000 both almost maxed out, Applied for Discover it today and they gave me a

Don't let your dream house slip through your fingers while you wait on approval for a mortgage, get a hard money loan from Source Capital.

where the mortgage requires mortgage loan insurance, Canada mortgage and housing corporation requires the gift money to be in the purchaser's possession before the application is sent in to them for approval.

He knew he would be able to purchase a property since he had enough to put down on the house and gain loan approval, but he didn't have the funds for renovation.

Where the mortgage loan insurance is provided by Canada Mortgage and Housing Corporation (CMHC), the gift money must be in the your possession before the application is sent in to CMHC for approval.

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(Of course, final approval on any mortgage depends on the house you choose to buy because lenders must agree that it provides reasonable collateral for the loan.)

And when an approval just isn't possible, the in - house underwriter can explain why so that the loan officer can give the applicant the advice that is needed in order to qualify.

In all cases, you can expect that your loan approval process will be very strict, and you'll have to submit detailed personal, residence, and employment history as well as detailed documentation on housing costs, employment, income, assets, and debts.

You can complete your application for one of our easy, fast approval cash loans at any time of the day or night and don't even need to leave the house — just type in a few details and send your application off to us electronically.

But much like the country's private lenders during the first several years of the present century, Fannie Mae and Freddie Mac's drive to increase profits helped create the housing bubble (thanks to lowered underwriting standards, approvals for subprime borrowers and the bundling of loans into mortgage - backed securities).

Mortgages that receive down payments of less that 20 % of the property's value are considered to be high - ratio loans and, therefore, require approval from the Canadian Mortgage and Housing Corporation (CMHC) or Genworth.

If you've been pre-approved for a loan, you can shop for a house with more certainty and less anxiety because you won't be going through the whole process worrying about your mortgage approval.

Such loans also require the approval of the Canadian Mortgage and Housing Corporation (CMHC).

``... may delay, interfere with or prohibit the timely approval of any subsequent request or application you make regarding a new loan, credit, mortgage, insurance, government services or payments, rental housing, employment, investment, license, cellular telephone, utilities, digital signature, Internet credit card transaction or other services, including an extension of credit at point of sale.»

Source: Bank Statement Basics for A Kentucky Mortgage Loan Approval for USDA, KHC, FHA, VA, Fannie Mae and Rural Housing Mortgage Loans

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The Buyers argued that their preapproval was conditioned upon the sale of their prior residence, and so they did not receive loan approval until they closed on their house on September 26th.

After the loan funds, our experienced, in - house servicing team handles many issues such as assumptions, lease approvals, payoffs, insurance and many other similar matters.

Loan applications are approved in - house without the need to send the loan out to other lenders for an approLoan applications are approved in - house without the need to send the loan out to other lenders for an approloan out to other lenders for an approval.

JPMorgan Chase and Bank of America exclude loans backed by the Federal Housing Administration and the Department of Veterans Affairs, and loans that were sold off and securitized may also need investor approval.

All Loans Subject to Credit Approval First National Bank Texas NMLS # 402924 Member FDIC Equal Housing Lender