Credit lenders cutting credit lines on home equity lines to credit cards no matter your credit score has eliminated well over a trillion
dollars of credit availability.
NAR submitted a statement last week to the House Agriculture Subcommittee on Livestock, Rural Development, and Credit to their hearing entitled, «A Review
of Credit Availability in Rural America.»
As 2017 comes to a close, we asked industry experts to peer into a crystal ball and see what's ahead in
terms of credit availability, interest rates, rewards programs and payment technology.
Several factors have contributed to a
tightening of credit availability for commercial real estate loans, including increased underwriting standards, increased regulation of banks by multiple federal government agencies, and higher compliance costs for lenders.
Several factors have contributed to a tightening
of credit availability for commercial real estate loans, including increased underwriting standards, increased regulation of banks by multiple federal government agencies, and higher compliance costs for lenders.
The MCAI included two new
measures of credit availability as part of the monthly release: the Conventional Mortgage Credit Availability Index and the Government Mortgage Credit Availability Index, with historical data back to 2011.
New Conventional and Government Component Indices Last month, MBA began reporting on two additional measures
of credit availability as part of the monthly MCAI release: the Conventional Mortgage Credit Availability Index and the Government Mortgage Credit Availability Index, with historical data back to 2011.
An unsecured credit card for bad credit is generally a small credit line (initially) that is usually less than a thousand dollars, and serves as a way for the bank or lending institution to judge if you are a good
steward of your credit availability.
«In Canada, the real estate industry didn't get overleveraged and the markets never suffered any
interruption of credit availability,» says Holly Allen, leader of the real estate deals practice for PwC Canada.
Consumers expect positive changes to come in
terms of credit availability, with 22 percent of those recently surveyed by the Federal Reserve Bank of New York reporting it easier to obtain credit next year.