Sentences with phrase «of tighter credit standards»

Refinance applications have more than doubled over the past year, though they're not as high as in previous refinancing booms because it's harder to qualify in the current atmosphere of tighter credit standards, according to the Mortgage Bankers Association.

Not exact matches

Home prices have continued to decline in this part of the region, influenced by distressed sales and lower demand from the recession and tighter credit standards.

Credit card marketing expanded and credit standards were relaxed, although the level of marketing has still not returned to pre-recession levels and credit standards are tighter than they were before the recession Credit card marketing expanded and credit standards were relaxed, although the level of marketing has still not returned to pre-recession levels and credit standards are tighter than they were before the recession credit standards were relaxed, although the level of marketing has still not returned to pre-recession levels and credit standards are tighter than they were before the recession credit standards are tighter than they were before the recession began.

The qualification standards for FHA mortgages are generally seen as liberal in a time of tight credit.

Overall, as the statements after the past five Board meetings have made clear, the sequence of changes to the cash rate, other adjustments by lenders in response to the rise in term funding costs since mid 2007 and tighter credit standards have combined to produce financial conditions that are tight.

This rolling process of accumulating credits had boxed the exam regulators into a tight corner, meaning they had to balance different levels of difficulty in January and June against the requirement to maintain standards.

KeyBank provides the tightest range of rates on its standard unsecured credit line, ranging from 9.24 % — 15.24 % (Var).

FHA loan income requirements remain very forgiving in terms of debt, income, credit and down payment, even if the standards are a bit tighter today.

By contrast, two other major trends took place in 2015 in the credit card world and both benefit consumers: tighter security standards are in place and mobile transactions are becoming a huge part of the industry.

«We're piling tighter standards on top of already tight credit standards,» said Laurie Goodman of Amherst Securities Group LP.

The demise of sub prime lending, Tight credit standards, and cash challenged homebuyers and homeowners contribute to the recent surge in FHA mortgage loans.

Olick followed up with her column today, noting that higher mortgage rates (of late), tight credit standards, and falling inventories will make life difficult for first - time buyers in 2013.

Some help given to the tighter credit standards but my belief is a huge portion of credit here goes to a more thoughtful and financially prudent consumer.

Numbers show credit access still tight The Fed's survey showed that 12.5 percent of banks reported easing their standards for card application approvals, while 85 percent said their standards were basically unchanged.

U.S. property remains affordable, but tight credit standards favor cash buyers; 76 percent of Chinese buyers reported all - cash purchases of U.S. properties.

The smaller change between the third and fourth quarters of 2001 is most likely due to tighter credit standards associated with the recent downturn in the economy, increased office vacancies and problems in the hospitality industry.

«The problem isn't with interest rates, but with the continuation of unnecessarily tight credit standards that are keeping many creditworthy buyers from getting a loan despite extraordinarily low default rates over the past two years.»

In other words, under a narrow QM definition, lenders would further restrict home mortgage credit in what is already a tight lending environment because they would be fearful of the severe penalties that would be imposed if they failed to satisfy the ability - to - repay requirement under the more uncertain standards that would apply in the non-QM market.

The premium increase comes on top of a significant hike in mortgage insurance premiums and tighter credit standards enacted late last year and earlier this year.

While rising rents and lack of inventory might nudge renters into buying a home, National Association of Realtors ® Chief Economist Lawrence Yun points out that tight credit standards, student debt, and the growth of multigenerational households are contributing to the lowest number of first - time home buyers in decades (as shown in the 2014 NAR Profile of Home Buyers and Sellers).

Tight supply, higher mortgage rates make homeownership out of reach for many, pressuring lenders to ease credit standards

This decline in the serious delinquency rate among more recent vintages of mortgage originations partly reflects tighter lending standards as represented by credit scores associated with mortgage originations.