Sentences with phrase «tightening credit standards»

Oh I'm sorry you're already heavily in debt and we're tightening credit standards.

Such lenders, including Inc. 5000 companies OnDeck and Lending Club, spotted an opportunity following the great recession, when banks tightened their credit standards and essentially stopped lending to small business owners.

While some financial institutions have reportedly tightened their credit standards for loans to investors in inner - city apartments, finance remains readily available on attractive terms.

Despite some financial institutions having reportedly tightened their credit standards for loans to investors in inner - city apartments, housing credit remains readily available to both investors and owner - occupiers.

A: Certainly, lenders tightened credit standards in reaction to the mortgage crisis.

We've been hearing for years how mortgage lenders have tightened their credit standards for borrowers.

The tightened credit standards and higher premiums were intended to reduce the number of defaults on FHA - insured loans and to increase the size of the reserve fund, reducing the chances that the agency would require a taxpayer bailout.

While some observers believe the new rules tighten credit standards too much, others say that the rules simply put into government regulation something lenders are already doing.

Credit scores have been getting a lot of attention lately, as lenders tighten credit standards and contend with new legislation that has, among other things, reined in how credit - card issuers can raise rates.

As a final note, all of the credit stress has led banks to tighten credit standards, and has limited the ability to finance first mortgage and home equity loans.

In 2011, the Department tightened the credit standards for parent PLUS loans by deciding to go back five years instead of just 90 days in looking at a borrower's delinquent accounts and charge - offs.

The San Francisco firm is the latest U.S. lender to tighten credit standards amid concerns that consumers are shouldering too much debt.

We've seen that banks have tightened credit standards.

And some banks tightened their credit standards and boosted their reserves against losses tied to consumer defaults in 2017.

Lenders have tightened credit standards.

An upswing in mortgage fraud has prompted lenders to tighten their credit standards, which has kept some buyers shut out of the housing market.

FHA has made efforts to tighten credit standards, improve loss mitigation and eliminate programs such as the Seller Funded Downpayment Assistance Program.

Note, however, that most lenders have tightened their credit standards in light of increasing foreclosures and higher delinquency rates.

The two companies will most likely tighten credit standards moderately and refrain from diluting underwriting standards to compete.

Not exact matches

A tightening of bank lending standards and a drying up of the home - equity - loan market in the post-financial crisis era have made small business credit less available than it used to be.

«The bottom line is that a sounder financial system in Canada allowed the credit taps to remain open, unlike in the U.S. or Britain, where banks just froze or tightened their lending standards quite severely,» says Sal Guatieri, a senior economist with BMO Financial Group.

As a result of the commission he said «credit standards are tightening [and] credit growth in the regulated sector is slowing.»

The current state of the global economy threatens to cause further tightening of the credit markets, more stringent lending standards and terms and higher volatility in interest rates.

Assuming that lending standards would rise in a tightened market, lenders would be even less likely to extend credit to no - file or thin - file consumers, no matter how creditworthy those consumers might actually be.

They read an article about how lenders are tightening their standards in 2015 — higher credit scores, larger down payments, [fill in the blank].

The U.S. Office of the Comptroller of the Currency said banks relaxed the criteria for businesses and consumers to obtain credit during the 18 months leading up to June 30, 2013, while the European Central Bank said fewer banks in the euro zone were reporting tightened lending standards to nonfinancial businesses in the fourth quarter of 2013.

Since then, standards for conducting digs have been tightened up largely thanks to British diplomat and archeologist Gertrude Bell (1868 - 1926), once head of the Iraqi Antiquities Service under the British Mandate, who is credited as a seminal participant in establishing both the National Museum of Iraq and the modern - day borders of Iraq (the region of Baghdad and Basra were formed into a single country in 1921, the region of Mosul was added five years later).

Lately they have tightened up their credit standards and even people with good credit scores, and collateral, are finding it difficult to get credit from them.

In other words, the reason private - sector lenders are tightening their credit score standards is not because of borrowers, it's because they want to assure that loan officers and others in the lending process are following the rules.

At the same time, lenders have tightened underwriting standards, requiring better credit scores, higher income, and larger down payments before granting mortgages.

You replied,» In other words, the reason private - sector lenders are tightening their credit score standards is not because of borrowers, it's because they want to assure that loan officers and others in the lending process are following the rules.

As credit scores for new auto loans hit record highs, lenders have also tightened their standards and are lending less based on purchased vehicle values.

Banks and credit unions have tightened their lending standards, making it tough for even good customers to coax loans from them.

As credit scores for new auto loans hit record highs, lenders have also tightened their standards and are lending less based on purchased vehicle values.This is good news for the auto lending industry because narrower credit standards are «starting -LSB-...]

While the FHA (Federal Housing Administration) loan program has been in place since the 1930s and was specifically designed to help low - and moderate - income families become homeowners, FHA - insured loans have become increasingly popular since 2006 - 2007 when credit standards for conventional loans were tightened.

In recent years, lenders nationwide have tightened their lending requirements in the wake of the housing market collapse, making the VA Loan a lifeline for military homebuyers, many of whom find difficulty when faced with tough credit standards and down payment requirements.

That way, you will have a better chance of retaining access to credit the next time standards tighten up again.

As credit card companies have tightened their standards and unemployment is on the rise, more individuals are checking into credit repair programs.

Or if there is a downturn and lending standards tighten (refi, line of credit).

«Besides the nearly 60 percent of banks tightening standards on credit card debt, 65 percent said they had tightened lending standards for other types of consumer loans over the last three months.

Several factors have contributed to a tightening of credit availability for commercial real estate loans, including increased underwriting standards, increased regulation of banks by multiple federal government agencies, and higher compliance costs for lenders.

Experts expect household debt to grow, as credit card companies continue to loosen their standards after tightening them during the Great Recession.

«Certainly, some tightening of credit standards was an appropriate response to the lax lending conditions that prevailed in the years leading up to the peak in house prices.

As credit standards have tightened, FHA loans have become a predominant resource for those who have less than a 20 percent down payment.

A combination of increasing mortgage delinquencies, tightening underwriting standards, decreasing credit availability and falling home prices is straining the nation's economy and financial system.

Given all of the recent problems with people failing to make good on their debt obligations, credit card issuers have also tightened their approval standards.

It used to be 720 on the credit score scale of 300 - 850, but the banks are tightening their lending standards.

That's an especially timely question now, as lenders tighten underwriting standards for applicants with less than perfect credit.

A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

«Federal Housing Administration loans once served a broad spectrum of borrowers until the subprime mortgage meltdown came along and pushed lenders to tighten underwriting standards and credit score requirements.