Sentences with phrase «tight loan standards»

«Even with job creation below expectations, excessively tight loan standards are keeping many buyers from completing deals.

Not exact matches

The combination of higher interest rates and tighter lending standards contributed to the share of new loans that are interest - only falling comfortably below the 30 per cent limit.

Because the main difference between the two groups is their access to different loan policies, any differences in default rates are likely due to tighter bankruptcy standards and wage garnishment policies rather than other factors, like changes in borrower profiles or the economic environment.

Second, lending standards for conventional loans are not tighter than for FHA financing, they are better for both borrowers and lenders.

For FHA borrowers and homeowners, this translates into tighter lending standards and increased loan requirements.

Given the way lenders screwed around with underwriting standards in the private sector there's little reason to believe that tighter FHA loan guidelines — holding lenders to higher standards — is not without merit.

Aside from the tighter loan requirements and stricter underwriting standards, people may be interested to find out the average FICO for FHA transactions remained steady at 683.

However with today's tighter lending standards, you may not have low documentation type loans available to you without proving a substantial amount of equity in the transaction.

Getting a business loan is a major hurdle facing small businesses, mainly due to tight lending standards by banks.

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.

Unlike standard loans from lenders, you would not be given tight limits on the loan amount.

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.

«Tighter standards assure the loans are less likely to fail, but also have had the unfortunate effect of limiting the ability of some first - time home buyers to enter the market,» said Sara Tinsley Demarest, spokeswoman for the Washington - based Mortgage Bankers Association.

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

Tight competition between mortgage companies for a smaller pool of applicants could mean that lenders will loosen their standards a little and make it easier for some borrowers to qualify for a loan.

All of these programs come with higher - than - standard DTI limits, meaning your income is not as much of a factor as with tighter Fannie Mae and Freddie Mac loans.

Tighter underwriting standards on senior loans have also helped fuel demand in the mezz market.

Tighter lending standards and heightened concern about mortgage fraud also mean more time - consuming paperwork, says Tracey Rumsey, a mortgage loan broker with Southwest Business Corp. in Bountiful, Utah, and author of Saving the Deal (AMACOM, 2008).

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.

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

«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.»

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

The QM rule codifies tighter higher underwriting standards that lenders have implemented since 2006 that deny loans to borrowers who can not demonstrate their ability to repay.

In contrast, 13.9 % of other, smaller banks reported tighter lending standards on net largely because none of these banks eased their lending standards on loans secured by multifamily residential properties over the past 3 months.