mom and dad

By KENNETH R. HARNEY

A closely watched index that tracks mortgage credit availability — lender requirements on credit scores, down payments and other key loan terms — has some good news for potential home buyers: Things are finally loosening up.

After years of progressively tighter rules on borrower eligibility in the wake of the housing bust, banks and mortgage companies have begun modestly easing their requirements and even expanding the types of mortgages they offer. The Mortgage Bankers Assn.’s latest credit availability index reported improvements in all four of its loan categories during January. The improvements mainly reflect positive lender responses to government efforts to ease regulations and improve affordability in the housing market — all of which means an improved environment for mortgage shoppers

Read more…

Lenders begin easing requirements to get a mortgage

By KENNETH R. HARNEY A closely watched index that tracks mortgage credit availability — lender requirements on credit scores, down payments and other key loan terms […]

Fed: Banks easing lending standards

Paul Davidson, USA TODAY 6:22 p.m. EDT August 4, 2014 The home mortgage market improved last quarter as demand increased and many banks eased their lending standards […]

A Father, a Daughter, and the Housing Market

By Lorraine Woellert July 17, 2014 David Stevens, chief executive officer of the Mortgage Bankers Association, has spent his career making the case for homeownership—crunching loan data, […]

First-Time Buyers and New-Home Demand: Reverting to Normal

By Brad Hunter Our forecast of rising new-home demand is founded on a reversion to long-standing typical behavior patterns. One of these relates to the “doubling-up” of […]