Sentences with phrase «tighter credit underwriting»
The decrease is probably due a combination of higher minimum payments on credit cards, which were increased to 4 % from 2 %, lower credit card limits and tighter credit underwriting.
http://www.finaid.org/ Not exact matches
Moreover, even if consumers wanted to borrow, credit availability is still constrained and underwriting standards remain relatively tight.
Credit is SUPER tight e.g. contracting income doesn't count, only counting 75 % of my rental income, assigning only a 1 % return on my CDs for asset based underwriting even though they are returning 3 - 4.2 %, etc..
Even FHA implemented a minimum credit score requirement, so the trend for tighter underwriting guidelines appears to be in motion.
«Lenders of credit - card debt, auto loans and mortgages have adopted tighter credit - underwriting criteria in the aftermath of the credit crisis.
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.
«Credit profiles that fail to meet tighter underwriting standards are conditions that continue to work against first - time home buyers,» according to the report.