Sentences with phrase «tighter credit standards»

And in most cases that translates directly into a financing challenge — because to a bank with tight credit standards for buildings, hard, complex, slow and expensive means risky.

-LRB-...) during the 2007 - 2009 downturn and after, financial problems and tight credit standards prevented many consumers from replacing their old vehicles.

The premium increase comes on top of a significant hike in mortgage insurance premiums and tighter credit standards enacted late last year and earlier this year.

But first - time home buyers are still having trouble qualifying for loans, Blitzer said, partly because of tight credit standards at many banks.

«We're piling tighter standards on top of already tight credit standards,» said Laurie Goodman of Amherst Securities Group LP.

«The FHA has recently moved toward tighter credit standards,» said Brousseau.

Today, that number is down to 63.4 %.4 While home affordability remains a question for many Americans, the downward trend in homeownership corresponds to banks» tighter credit standards following the Great Recession.

The smaller change between the third and fourth quarters of 2001 is most likely due to tighter credit standards associated with the recent downturn in the economy, increased office vacancies and problems in the hospitality industry.

«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.»

In addition to lagging inventory and rising rents, Yun said tight credit standards, an increase in multi-generational households, and student debt are contributing to a decrease in first - time buyers to a low not seen since 1987.

However, a potential roadblock is continued tight credit standards.

The clearest sign of tighter credit standards are seen in average credit scores, which in June stood nearly 50 points above their pre-housing bubble levels.

«We believe the delay in homeownership is due to tighter credit standard and lifestyle changes, including delayed marriage and children,» Michelle Meyer, a US economist at BAML, wrote in a recent note.

Home prices have continued to decline in this part of the region, influenced by distressed sales and lower demand from the recession and tighter credit standards.

Overall, as the statements after the past five Board meetings have made clear, the sequence of changes to the cash rate, other adjustments by lenders in response to the rise in term funding costs since mid 2007 and tighter credit standards have combined to produce financial conditions that are tight.

Among other things, he recognized the fact that lender uncertainty regarding federal mortgage rules leads to tighter credit standards.

Tighter credit standards?

Among other things, he recognized the fact that lender uncertainty regarding federal mortgage rules leads to tighter credit standards.

In today's brave new world of tighter credit standards, you need at least a 700 to qualify for a card you once could have gotten with a 600, says Adam Jusko.

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

Olick followed up with her column today, noting that higher mortgage rates (of late), tight credit standards, and falling inventories will make life difficult for first - time buyers in 2013.

Some help given to the tighter credit standards but my belief is a huge portion of credit here goes to a more thoughtful and financially prudent consumer.

But in late 2008 and into 2009, getting and wisely using a balance transfer has turned into a tricky business, with limited credit limits, tighter credit standards and an end to caps on balance transfer fees.

Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards that home buyers and refinancers have faced in recent years.

Stricter guidelines include tighter debt ratio requirements, larger down payment and reserve requirements, and tighter credit standards.

While rising rents and lack of inventory might nudge renters into buying a home, National Association of Realtors ® Chief Economist Lawrence Yun points out that tight credit standards, student debt, and the growth of multigenerational households are contributing to the lowest number of first - time home buyers in decades (as shown in the 2014 NAR Profile of Home Buyers and Sellers).

«This underscores the ongoing challenges that many credit worthy homebuyers face with today's tight credit standards.»

«The biggest limitation to borrowing is tight credit standards,» says NAHREP Past President Jerry Ascencio.