Sentences with phrase «tighter underwriting»

«Credit profiles that fail to meet tighter underwriting standards are conditions that continue to work against first - time home buyers,» according to the report.

More stringent mortgage rules and tighter underwriting requirements have purposely slowed down the market's growth.

While the market continues to move, we still have to deal with tight underwriting, which is keeping prices artificially low.

Mortgages originated in 2010 - 11 have 90 - day default rates that were lower than any vintage since 2005, before the housing crash and the implementation of tighter underwriting standards.

The result has been excessively tight underwriting criteria.

NAR believes pristine loans are the result of excessively tight underwriting, not sound business practices.

Even FHA implemented a minimum credit score requirement, so the trend for tighter underwriting guidelines appears to be in motion.

Many local housing markets currently suffer unduly tight underwriting criteria.

Continuing tight underwriting by lenders, low inventories in many markets, and rising interest rates are holding back growth in sales volume, said Yun, leading him to predict home sales of about 5.12 million for 2014, virtually the same level forecast for 2013.

Refinancing rates are so low because most lenders require applicants to meet tight underwriting standards.

A panel of economists said tight underwriting and high prices caused in part by a gap in affordable homes available for sale, along with demographic trends, are keeping young households out of the market, which in turn is widening the wealth gap between them and older households.

Sure, they took advantage of the market by implementing tighter underwriting standards (thus lowering LTVs) and were able to increase pricing, but it was still business as usual.

Those few lenders who continue to be active in the marketplace, including national players Bank of America and Wells Fargo and small community banks, ask for such tight underwriting criteria, only the most financially disciplined landlords appear to be able to secure loans.

However, some consumers are finding more stringent lending standards for getting a mortgage a roadblock to home ownership, and some housing experts have blamed tighter underwriting standards in recent years for continuing to hold back the housing market.

Some of the decline in the affordability index could be the result of a loss in some more modest priced home sales as tight underwriting standards have limited the purchases by moderate income families.»

«With tight underwriting already constraining mortgage availability, lowering the loan limits will only further restrict liquidity.»

«Builders continue to confront the same major challenges they have seen over the past year, including competition from the large inventory of distressed homes on the market, inaccurate appraisal values, and issues with their buyers not being able to sell an existing home or qualify for favorable mortgage rates because of overly tight underwriting requirements,» Bob Nielsen, chairman of NAHB said in a statement.

«Although 2012 was highest on record, the excessively tight underwriting precluded many would - be homebuyers from locking - in generational low interest rates,» he says.

As a result, tighter underwriting requirements and reduced loan - to - values (LTVs) ensued.

Many local housing markets currently suffer unduly tight underwriting criteria.

Rising interest rates and continuing tight underwriting could dampen sales as the year winds down.

The rising long - term rate, coupled with tighter underwriting standards, will ultimately drive up financing costs and could dampen buyout activity.

The seventh year of the economic expansion has ushered in a period of tighter underwriting with pockets of uncertainty.

NAR believes pristine loans are the result of excessively tight underwriting, not sound business practices.

Tighter underwriting standards on senior loans have also helped fuel demand in the mezz market.

Declines in the lending environment including fewer lenders, tighter underwriting and loan approval criteria, greater down payment requirements and, in some cases, higher interest rates have impaired customers» ability to finance and purchase our products.

Today, financials are less levered, they have tighter underwriting standards, and most importantly, they do not seem likely to face another crash in real estate prices.

Freddie Mac explaines that «the main causes of the decline in cash - out refinancing were reduced home prices, tighter underwriting standards for loan - to - value ratios, and borrowers» desire to pay down debt.»

As a result, tighter underwriting requirements and reduced loan - to - values (LTVs) ensued.

The Mercury Insurance Group offers vacation auto insurance at reduced premiums, through a strategy of tight underwriting and claims handling.

Mercury Insurance Group has assets of over $ 4 billion due in part to its tight underwriting and efficient claims handling.

Tighter underwriting standards on senior loans have also...

Debt is still relatively cheap, but tighter underwriting has choked its flow.

Tighter underwriting standards, rising interest rates, and intensifying rating agency and bond buyer...

Tighter underwriting standards, rising interest rates, and intensifying rating agency and bond buyer scrutiny in the commercial mortgage - backed securities (CMBS) market signal the end of a frothy period that might best be described as lenders gone wild.

These changes, while not dramatically expensive for consumers, compound on a number of other initiatives over the last year to reduce risky borrowing, such as the mortgage stress test for high - ratio buyers, an increase to the required minimum down payments and tighter underwriting for banks.

That's because the tighter underwriting standards at senior lending houses is making it more difficult for borrowers to receive the amount of financing they need for projects and other initiatives.

Tighter underwriting is exactly what the market needs right now, economists say, because it brings the cost of financing back into alignment with risk, helping to restore confidence in housing after the subprime excesses.

The reason: Tighter underwriting standards will shrink the pool of qualified borrowers, stretching out the amount of time it'll take to absorb housing inventory.

The combination of historically low interest rates and tighter underwriting standards on senior loans has made mezzanine debt highly attractive to borrowers.

The final QRM rule may have little impact on the market in the short term due to the current reliance on government product and tight underwriting.

«Lower unemployment, higher house prices, and tight underwriting has resulted in record low early stage delinquency.

There are many reasons for the drop in first - time buyers — strong home price appreciation, tight underwriting requirements, too - few homes for sale at affordable price points — but there's at least one bit of good news to report: The Federal Housing Administration (FHA) is making it a little easier for buyers to get federally insured financing for condominiums.

Because of tighter underwriting, these deals, including the markets firest deal designed to meet risk - retention requirements, have been well received.

Given the fact that traditional lenders such as banks have tightened their purse strings, which in effect means higher equity commitments and tighter underwriting standards, difficult questions remain as to where that refinance money will come from, and how much it will cost.

Tight underwriting standards are especially challenging for first - time buyers, who generally need mortgage financing with low down payment terms, who may be paying off student debt, and who may have credit scores that are not top - notch.

Newer loans are benefiting from rising property prices, tighter underwriting requirements and the lowest jobless rate in seven years, while mortgages originated before the real estate bust are still moving through foreclosure.