Mortgage Lenders Optimistic Even as Demand Subsides

Mortgage lenders have never felt more optimistic about the economy than they do now—an outlook that could come with more relaxed standards for homebuyers, who continue to contend with tight conditions as the spring home-buying season gets underway. The share of lenders recently surveyed in Fannie Mae’s Mortgage Lender Sentiment Survey® who believe “the economy […]

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Hispanic Homeownership Rate Rises for Second Straight Year

Momentum Could Be Cut Short If Trump Carries Out Mass Deportation, Wall Hispanics are an overriding force in homeownership, flouting national figures as they establish owner households at a rising rate for the second straight year. According to the National Association of Hispanic Real Estate Professionals’ (NAHREP) recently released 2016 State of Hispanic Homeownership Report, […]

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Mortgage Credit’s More Crunched Than in 2001—Here’s Why

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com: Repair or Replace: Tips for Knowing Your Best Option Know Your Real Estate: 5 Researching Tips for Homebuyers Why Are We Seeing Fewer Appraisers in the Housing Industry Too many mortgage lenders played it fast and loose […]

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CFPB Explores Alternative Routes for ‘Credit Invisibles’

Twenty-six million Americans are “credit invisible,” or lacking enough credit history to generate a credit score—a factor most lenders use to evaluate loan applications. The Consumer Financial Protection Bureau (CFPB) has begun exploring alternative routes to determine creditworthiness, including cell phone bill and rent payment history, seeking feedback from the public on these and other […]

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Expanded Data Key to Opening Up Mortgage Credit

Trended credit data, which offers an expanded perspective to lenders evaluating a credit applicant, could be key to opening up mortgage credit accessibility, according to an analysis by Equifax, one of the three major credit reporting bureaus. The analysis found that the use of trended credit data—an indicator of behavior beyond the traditional credit report—could […]

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