Tag Archives: mortgage credit

Mortgage bankers take a stand against tri-merge credit reporting

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Consumer group say FHFA’s plan to pit VantageScore 4.0 against older FICO Classic score will make “anti-competitive natures of the credit scoring market even worse.” Continue reading →

Homebuyers get cold feet as mortgage rates rebound from lows

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Purchase loan applications came in last week at the slowest pace since May, as renewed concerns about the impact of tariffs drive up mortgage rates and weigh on consumer sentiment. Continue reading →

Most homebuyers see a recession ahead. Some are even asking for it

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Nearly twice as many Realtor.com visitors say they would be more likely to buy if a recession hits compared to the share who say they’d be less likely to buy if the economy fails, new polling shows. Continue reading →

Mortgage lenders gearing up to use more inclusive credit scoring

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Release of historical credit scores on tens of millions of loans will help lenders prepare for transition to VantageScore 4.0 next year. Release of FICO Score 10 T data next on deck. Continue reading →

Buyers take rebound in mortgage rates in stride as lenders tighten

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Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs. Continue reading →

Mortgage rates hit 20-year high as demand ‘close to multi-decade’ low

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Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage Bankers Association’s weekly survey. Continue reading →

Homebuyer pessimism climbed to a new record high in September

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More than 8 in 10 Americans polled by Fannie Mae said it was a bad time to buy a home, and most weren’t expecting mortgage rates to come down anytime soon. Continue reading →

Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence

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Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent. Continue reading →

New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit

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Mortgage lenders tightened underwriting standards in June, undoing much of the easing seen over the last six months as initial fears about the long-term impacts of the pandemic began to wane. Continue reading →