Housing Wire
FEBRUARY 3, 2021
Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire. Such a scenario illustrates the growing disparities in the U.S. housing market.
Housing Wire
JULY 6, 2022
As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collapsed. The short (and long) answer is no, not a chance.
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Housing Wire
MAY 17, 2024
Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , Dimon further suggested a “candid review” of the thousands of new rules implemented since the passage of the Dodd-Frank Act in 2010. has raised its closing guarantee from $5,000 to $20,000 until July 27, 2024, the bank announced on Thursday.
Housing Wire
AUGUST 25, 2022
Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. In the last five years alone, homeowners have gained, on average, $125,000 in equity on their properties.
Housing Wire
NOVEMBER 9, 2021
Post-2010, lending standards in America became normal again, and while I still believe they’re very liberal, they’re sane. What happened post-2010 is that exotic loan debt structures that don’t provide long-term fixed debt products left the system. I can’t emphasize enough how critical this aspect is to the American economy.
Housing Wire
JUNE 14, 2021
In addition to the bond market yield action, responsible lending post-2010 gave me confidence that forbearance was not going to be the negative issue that many had hoped for. While lending standards were never tight in American in the 21st century, they were very responsible post-2010.
Housing Wire
NOVEMBER 15, 2024
None of that action has been happening for 14 years because the credit market changed after the 2010 qualified mortgage rule. FICO score data The FICO score data is the sexiest economic data in America — it’s been hot since 2010! Also, back in 2010, over 23% of homes were underwater; today, it’s the lowest percentage ever.
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