Sentences with phrase «tight credit standards»

However, a potential roadblock is continued tight credit standards.

«This underscores the ongoing challenges that many credit worthy homebuyers face with today's tight credit standards.»

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).

Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards that home buyers and refinancers have faced in recent years.

«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.»

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.

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.

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

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

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.

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.

Among other things, he recognized the fact that lender uncertainty regarding federal mortgage rules leads to tighter credit standards.

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.

«The FHA has recently moved toward tighter credit standards,» said Brousseau.

Today, that number is down to 63.4 %.4 While home affordability remains a question for many Americans, the downward trend in homeownership corresponds to banks» tighter credit standards following the Great Recession.

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 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.

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

Moreover, even if consumers wanted to borrow, credit availability is still constrained and underwriting standards remain relatively tight.

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.

The nosedive in stocks has also discouraged consumer spending as have mounting layoffs (Chart 5), maxed out credit cards and tighter lending standards and weak consumer confidence.

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).

It seems like the standards are so high that it is extremely difficult for anybody on a tight budget to maintain a steady credit score.

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.

It's unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now use.

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.

Sub-prime borrowers seeking mortgages, auto loans or credit cards will find that standards are tighter today than typical since 2005; prime borrowers will find current standards are close to the average since 2005.

Subprime card applicants still facing tight credit — The economy may be sunnier, but people with less - than - perfect credit are still getting a chilly reception from credit card issuers... (See Lending standards)

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.

«While consumer optimism on [mortgage credit accessibility] is as high as we've seen in the survey's seven - year history, it's worth nothing that this record is relative to the fairly tight standards in place post-crisis,» Duncan says.

Tighter lending standards require higher credit scores and larger down payments, especially for jumbo loans, and these take time to build.

The pending rulemakings for the Qualified Mortgage (QM) and Qualified Residential Mortgage (QRM) rules mandated by the Dodd - Frank Act and the Federal Reserve's recently proposed Basel III international capital standards have the potential to severely restrict already tight credit and reduce mortgage provider choice over the next several years.

• Tell them to oppose a Qualified Residential Mortgage (QRM) that establishes a down payment standard and extremely tight debt - to - income and credit standards.

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.

Buyers who are currently held back by tight mortgage credit standards should work to improve their credit scores so they'll be able to qualify for a mortgage while conditions are still favorable.»

An Increase in Credit Availability For those who think the lending standards are too tight and are afraid they will be denied a mortgage, here's some good news: Credit availability is expected to continue to increase through the spring, says Mike Fratantoni, chief economist for the MBA.

«Credit profiles that fail to meet tighter underwriting standards are conditions that continue to work against first - time home buyers,» according to the report.

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

Tight credit: Stringent credit standards continue to affect sales, particularly for first - time home buyers who are still struggling to qualify for financing, according to the REALTORS ® surveyed.

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.