Mortgage lenders tighten screws on U.S. credit in echo of 2008

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years......»»

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years......»»

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years......»»

3 ways for mortgage lenders and home buyers to strengthen the U.S. recovery from the coronavirus crisis......»»

Wells Fargo said Thursday that it will no longer accept new applications for home equity lines, signaling that the economic outlook is too cloudy even for one of the nation’s largest mortgage lenders. “Wells Fargo Home Lending will temporarily st.....»»

Many banks and lenders have imposed more stringent requirements for new borrowers amid the economic uncertainty caused by the coronavirus pandemic......»»

"There's No Liquidity" - Mortgage Lenders Abandon "No Brainer" Best Cr.....»»

Mortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem......»»

Mortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem......»»

From student loans and mortgage payments to credit-card bills and rent checks, cons.....»»

Shrinking home affordability and increased competition among lenders are poised to lead to lower loan standards for homeowners with less-than-stellar credit, Moody’s warns in year-ahead mortgage bond outlook......»»

Westend61/Getty Images Americans rely on credit and credit scores to give lenders an idea of their trustworthiness when they want to open a credit card, get a mortgage, or take out a loan. But for every strategy to increase your credit score and improve .....»»

Lenders all but gave up on packaging mortgages into securities and selling them after the financial crisis. But now banks like Citigroup, Goldman Sachs and Wells Fargo are getting back in......»»

Lenders all but gave up on packaging mortgages into securities and selling them after the financial crisis. But now banks like Citigroup, Goldman Sachs and Wells Fargo are getting back in......»»

In order to get a mortgage, you need to be able to document your ability to pay it back, and lenders want to see a reasonably good c.....»»

The C.L.O., a cousin of the mortgage-related product that malfunctioned a decade ago, has become one of the hottest investments on Wall Street......»»

It wasn’t long ago when mortgage refinancing was king, generating record-breaking profits and driving lenders with more business than they could handle. During the height of the COVID-19 pandemic in 2020 and 2021, aver.....»»

‘Monthly child care costs can feel like an extra mortgage payment.’.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Lenders provided billions of dollars in residential mortgage loans in the Cleveland area last year, with Ohio-based companies beating out larger national banks in providing the most mortgage loans. Huntington National Bank (Nasdaq: HBAN) origina.....»»