Sentences with phrase «tight lending standards continue»
As tight lending standards continue to lock many would - be buyers out of the market, one company plans to crack open the door to homeownership by providing crowdfunded down payment assistance from investors in exchange for a slice of a buyer's home equity.
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Several factors continue to hold back a major turnaround in housing, including a weak job market, tight mortgage lending standards and the huge number of homeowners who owe more on their mortgages than their homes are worth, leaving them essentially stuck in their properties.
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.
However, some consumers are finding more stringent lending standards for getting a mortgage a roadblock to home ownership, and some housing experts have blamed tighter underwriting standards in recent years for continuing to hold back the housing market.