Sentences with phrase «increase 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.

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.

Not exact matches

* 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.

Importantly, Deputy Secretary Patenaude's leadership in these efforts will ensure that Americans have greater access to mortgage finance credit, promote a greater role for increased private capital in mortgage finance, and reduce taxpayer risk exposure.

«Our challenge is always to increase access to sustainable credit,» said Jonathan Lawless, vice president of customer solutions for the Federal National Mortgage Association (Fannie Mae) in Washington, D.C.

Put simply, if you've paid down your current mortgage balance and / or home prices have increased since purchase, you may have equity in your home that you can access via cashout refinancing to use for other expenses, such as funding home improvements, paying for college tuition, or paying off credit cards.

If you maintain a high credit score, you can enjoy lower interest rates, access to increased levels of credit, and easy approval for apartments, mortgages, and other loans.

The commissioner stressed that it's important to strengthen the FHA single - family mortgage insurance fund and find other ways to increase access to credit.

Freddie Mac CEO Donald Layton is asking for mortgage lenders to consider writing more low down payment mortgages in order for the government - sponsored enterprise to help increase access to credit to potential homeowners.

The market tailwinds of strong fundamentals, increasing property values and ready access to mortgage and other credit all put downward pressure on delinquency rates.

Back in November, Freddie Mac CEO Donald Layton asked for mortgage lenders to consider writing more low down payment mortgages in order for the government - sponsored enterprise to help increase access to credit to potential homeowners.