underwriting

December 18, 2019

Subprime Mortgages Begin to Inch Up

The percentage of recent mortgage borrowers with subprime credit scores still resides in the single digits, but nearly doubled what is was in 2013, according to […]
December 17, 2019

Mortgage Delinquency Rates to Flatten in 2020

The percentage of home loans with late payments is unlikely to fall much further in 2020 when mortgages made to lower credit-score borrowers could rise slightly, […]
November 21, 2019

Mortgage Demand Increased in 3Q

The Federal Reserve’s Senior Loan Officer Opinion Survey showed more demand for consumer credit and mortgages in the third quarter and a softening in demand for […]
November 13, 2019

Banks Tighten Standards on Credit Cards

Banks are tightening their standards on credit card loans in the third quarter, out of concern with the more uncertain economic outlook, according to the latest […]
November 12, 2019

Overall Delinquency Rate Near 20 Year Low

According to the CoreLogic Loan Performance Insights Report, 3.7% of mortgages were in some stage of delinquency (30 days or more past due, including foreclosure) in […]
September 26, 2019

Mortgage Credit Tightens Despite Strong Demand

Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index (MCAI).  Mortgage credit tightened despite falling interest rates and a strong uptick in […]
August 16, 2019

Consumer Debt/Economic Concern Raises Mortgage Default Risk

Mortgage default risk rose in the U.S. in Q1 2019 as a result of increased economic risk and borrower risk, according to the recently launched Milliman […]
August 1, 2019

FICO Scores Jump to 3-Year High

The average credit score of borrowers who got all types of mortgages in June rose to 731, an almost three-year high, as a strong labor market […]
July 24, 2019

Loose Credit Standards Reach Post-Housing Crisis High

As purchase applications stalled this spring despite low mortgage rates, lenders continued to loosen credit standards in May, according to the Mortgage Bankers Association. Mortgage credit […]