Sentences with phrase «tighter credit box»

But they say there are other problems, particularly around banks» verification of borrowers incomes, scrutiny of appraisals, and other factors that have led to a tighter credit box.

«Given that the composition of new homeowners is skewed to Hispanics and nonwhites, who have lower credit scores and have less income and less wealth than their non-Hispanic white counterparts, the tight credit box will inhibit homeownership even more going forward than it has in the past, unless we do something to correct it,» writes Goodman.

Not exact matches

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.

In today's economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there's no doubt that many people may not fit into the traditional banks» financing boxes as easily as they may have just a year ago.

According to Goodman, «credit is very tight in large part because originators are putting credit overlays on top of the Fannie Mae, Freddie Mac, and FHA underwriting box» — in other words, imposing a second set of rules.