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Building Permits Continue Higher; Housing Starts Ebb

by devteam September 17th, 2015

This morning's Residential Construction report from the Census Bureau and Department of Housing and Urban Development for August was mixed with a moderate increase in building permits and a corresponding downturn in housing starts . Housing completions

Lenders Give Upbeat Assessment of Credit Access

by devteam September 17th, 2015

More lenders are seeing an easing of mortgage lending standards Fannie Mae said today. In its third quarter Mortgage Lender Sentiment Survey indicators of loosening standards jumped substantially for both GSE eligible and non-GSE eligible loans. In the

Ellie Mae Points to Microscopic Sign of Credit Easing

by devteam September 17th, 2015

It was only one point but the average FICO score on closed loans did decrease slightly in August to 724, the lowest average score since February 2014. That score was, in fact, lower by two points than the average for all of last year and was down from

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