Sentences with phrase «tightening underwriting»

The two GSEs were expected to do so by «tightening their underwriting, adjusting pricing and limiting product offerings, while not increasing the proportion of [their] retained risk,» according to the plan.

U.S. banks are tightening underwriting standards for commercial mortgages, reports Reuters.

Pointing to a $ 7.9 billion net loss in 2001 and marginally better figures for 2002, insurers have acted in predictable ways — sharply limiting new policies, increasing premiums, failing to renew policies, tightening underwriting criteria, and instituting new policy exclusions.

Although the firm can't provide the exact figures on how much the market has grown in recent years, Vikser says it's clear that more borrowers are turning to mezzanine financing because traditional mortgage lenders are tightening their underwriting standards.

Generally, lenders are tightening underwriting and doing more due diligence.

After Hurricane Odile, in late 2014, we have seen a deterioration in the Mexico Homeowners markets with companies tightening underwriting guidlines, rating rate, and in the case of our own program with ACE, pulling out of the market.

According to most sources, Ottawa's policies are geared towards tightening underwriting standards, which will ultimately make it more difficult for first time home buyers to secure a best rate mortgage.

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.

This spurred many lenders to start pulling back on lending and tightening their underwriting standards.

As part of the increased oversight, banking regulators issued fresh lending guidelines in 2013 aimed at tightening underwriting standards.

When mortgage lenders tightened underwriting requirements, many potential buyers and homeowners found it near impossible to get a mortgage.

The market is going through a cycle of hardening, tightened underwriting standards, and increased prices.

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

Finally, FHA proposes to tighten underwriting standards for mortgage loans that are manually underwritten.

Second mortgage applications declined again as the credit crunch has tighten underwriting guidelines for home equity loan programs.

In July 2008, both Fannie and Freddie significantly tightened underwriting guidelines regarding departure residences.

But its success has been limited, largely because conforming mortgage lenders have tightened underwriting guidelines, people troubled by the economy have lower credit scores, and the cost of refinancing has increased considerably.

Lending Club adjusted their rates upwards and tightened their underwriting.

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

This is a good indication that mortgage lenders while continue to tighten underwriting guidelines while home foreclosures continue to mount.

«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.

Additionally, most lenders have tightened their underwriting criteria in response to losses suffered during the housing crisis.

Banks have tightened their underwriting standards after the financial crisis, making It difficult for many small businesses to get loans.

A senior company executive said this was because they'd tightened their underwriting practices and exited unviable businesses.

Some companies writing property lines in Georgia have increased rates dramatically in recent years, and others have tightened their underwriting standards to limit their exposure to standalone property policies.

Problem: Banks have tightened their underwriting standards making it more difficult for some buyers to qualify for financing.

Federal and state banking regulators have issued guidance to tighten the underwriting standards for nontraditional mortgages and recently proposed similar guidelines for subprime mortgages.

Fannie and Freddie have introduced rate hikes over the past few weeks and tightened underwriting as a means to slow lending activity.

Banks and financial institutions are paralyzed: Regulators are simultaneously directing lenders to reduce risk (i.e., tighten underwriting) and to loosen standards.

After two years of falling net operating income in commercial real estate, the lending community has begun to tighten its underwriting standards.

The major Australian banks» ability to withstand a severe downturn in the housing market and household sector, should it occur, has been strengthened by regulatory intervention to tighten underwriting standards and bolster capital buffers.

With declining net operating income, tightened underwriting standards, and limited attractive financing, we expect that commercial real estate values will continue to decline, albeit at a slower pace, over the next few quarters.

Not exact matches

After the financial crisis, underwriting standards tightened as investors pulled out of the market.»

And while there appeared to be some credit tightening in the months following implementation of QM, it seems some lenders have gradually become more comfortable with underwriting mortgages under the new framework.

Credit availability tightened as underwriting practices became much more restrictive, even for plain vanilla mortgages.

It seems that Fannie - Mae and Freddie - Mac are constantly tightening mortgage underwriting guidelines for anyone that wants to refinance their existing mortgage or take a new mortgage for the purchase of a home.

«* Subprime auto lenders typically adjust their underwriting standards pretty quickly, and most lenders are in the process of tightening standards.

Usually it's a combination of the two ** We will likely see a bucking of the trend of increased delinquencies in subprime auto ABS pools; tightening of underwriting standards will help auto lenders keep their funding costs lower * If there's a large macro event or shock, such as unemployment rates rising, there will actually be a much bigger impact to prime auto bonds rather than subprime.

Here is what I mean above, when the mortgage melt - down happened just last decade local & regional banks were the first to tighten their mortgage underwriting guidelines.

«As underwriting standards have tightened in 2007 and rates of home price appreciation slowed or declined, indebted homeowners who experience financial trouble may have fewer refinancing options and may find it difficult to avoid going into foreclosure,» S&P said.

Part of the new bill includes the tightening of mortgage underwriting criteria for banks under the OSFI.

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.

During the 2010 - 2015 period, issuers tightened up their credit card underwriting considerably, and consumers moved away from racking up high levels of credit card debt.

Similarly, FHA short refi will have to contend with the fact that FHA lenders have tightened up underwriting guidelines, and FHA refinancing has recently become more expensive.

The implementation of stricter mortgage underwriting practices suggests that credit conditions will tighten in coming years, reducing the number of qualified buyers.

In a Business Insider report, data predicted a potential tightening in underwriting in the auto lending industry.

Underwriting guidelines continue to tighten.

Out of the banks participating in the OCC's annual Survey of Credit Underwriting Practices 59 percent said their underwriting standards, or their mortgage qualification requirements, haUnderwriting Practices 59 percent said their underwriting standards, or their mortgage qualification requirements, haunderwriting standards, or their mortgage qualification requirements, had tightened.

Half of respondents (52 percent) expect no underwriting change the coming year, while 40 percent believe standards will tighten further and 7 percent think underwriting could loosen.

Although the percentage of survey respondents who are tightening commercial real estate underwriting standards remains high relative to the historic average of 17 %, the improving trend is clear.