The rising long - term rate, coupled
with tighter underwriting standards, will ultimately drive up financing costs and could dampen buyout activity.
Not exact matches
Given the way lenders screwed around
with underwriting standards in the private sector there's little reason to believe that
tighter FHA loan guidelines — holding lenders to higher standards — is not without merit.
According to Fannie Mae, roughly nine out of 10 people under the age of 45 expect to buy a home in the future, but Belsky said mortgage
underwriting standards are dramatically
tighter, which disproportionately impacts minorities and those
with lower incomes.
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 seventh year of the economic expansion has ushered in a period of
tighter underwriting with pockets of uncertainty.