Sentences with phrase «of tighter underwriting»

Because of tighter underwriting, these deals, including the markets firest deal designed to meet risk - retention requirements, have been well received.

Mortgages originated in 2010 - 11 have 90 - day default rates that were lower than any vintage since 2005, before the housing crash and the implementation of tighter underwriting standards.

The seventh year of the economic expansion has ushered in a period of tighter underwriting with pockets of uncertainty.

The Mercury Insurance Group offers vacation auto insurance at reduced premiums, through a strategy of tight underwriting and claims handling.

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.

The decrease is probably due a combination of higher minimum payments on credit cards, which were increased to 4 % from 2 %, lower credit card limits and tighter credit underwriting.

«Lenders of credit - card debt, auto loans and mortgages have adopted tighter credit - underwriting criteria in the aftermath of the credit crisis.

NAR believes pristine loans are the result of excessively tight underwriting, not sound business practices.

Mercury Insurance Group has assets of over $ 4 billion due in part to its tight underwriting and efficient claims handling.

Oher segments in the news video look at the drop in first - time buyers, as underwriting standards and inventories of entry - level homes remain tight, and what to expect this week in San Diego, which is hosting NAR's 2015 Conference & Expo.

According to Goodman, «credit is very tight in large part because originators are putting credit overlays on top of the Fannie Mae, Freddie Mac, and FHA underwriting box» — in other words, imposing a second set of rules.

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.

According to Fannie Mae, roughly nine out of 10 people under the age of 45 expect to buy a home in the future, but Belsky said mortgage underwriting standards are dramatically tighter, which disproportionately impacts minorities and those with lower incomes.

Lenders underwriting to a tighter standard of the «Qualified Mortgage» are entitled to a presumption that the creditor making the loan satisfied the ability - to - repay requirements.

Lenders are keeping underwriting tight in part because of concern over the pending qualified mortgage and qualified residential mortgage rules, which are due to take effect next year.

«New underwriting rules to protect borrowers, effective in January, will prohibit many loan features, set tighter limits on the amount of debt a borrower can have and still get a mortgage, and require that lenders accurately measure a borrower's ability to repay,» he said.

The reason: Tighter underwriting standards will shrink the pool of qualified borrowers, stretching out the amount of time it'll take to absorb housing inventory.

Tighter underwriting is exactly what the market needs right now, economists say, because it brings the cost of financing back into alignment with risk, helping to restore confidence in housing after the subprime excesses.

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

The combination of historically low interest rates and tighter underwriting standards on senior loans has made mezzanine debt highly attractive to borrowers.

NAR believes pristine loans are the result of excessively tight underwriting, not sound business practices.

Sure, they took advantage of the market by implementing tighter underwriting standards (thus lowering LTVs) and were able to increase pricing, but it was still business as usual.

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.

Some of the decline in the affordability index could be the result of a loss in some more modest priced home sales as tight underwriting standards have limited the purchases by moderate income families.»