Tag Archive for ‘housing finance’

Lending Standards on AD&C Financing Continue to Ease, but at a Diminished Pace

According to NAHB’s Survey on Acquisition, Development & Construction Financing, builders and developers again reported easing credit standards for acquisition, development, and construction (AD&C) loans. However, the pace of easing continues to slow from previous periods. In the first quarter of 2016, 13.3% of survey respondents on net indicated that overall lending standards on AD&C loan availability had eased. In… Read More ›

Serious Delinquency Rates Continue to Fall

In its quarterly National Delinquency Survey, the Mortgage Bankers Association reported that 3.29% of 1-4 family mortgages were seriously delinquent in the first quarter of 2016. Measured on a not seasonally adjusted basis, the rate of serious delinquency, which includes both mortgages that are 90 or more days past due and mortgages in foreclosure, was 0.95 percentage point less than… Read More ›

Banks Report Continued Tightening on Multifamily, AD&C Loans

Credit standards on loan applications for commercial real estate loans (CRE), which includes land development and construction, multifamily, as well as nonfarm nonresidential loans, tightened over the first quarter of 2016. Moreover, the pace of tightening in each of these types of CRE loans has progressively grown over the past year. More specifically, banks indicate that tightened lending standards over… Read More ›

Households’ Aggregate Home Equity Rose Over the Year

According to the Federal Reserve Board’s fourth quarter of 2015 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted basis, totaled $22.029 trillion in the fourth quarter of 2015, $1.255 trillion higher than its level in the fourth quarter of 2014, $20.774 trillion. At the same time, home… Read More ›

Lending Standards on AD&C Financing Continue to Ease, but at a Moderately Slower Pace

Builders and developers continue to report easing credit standards for acquisition, development, and construction (AD&C) loans. However, the pace of easing has slowed somewhat from previous periods. According to NAHB’s Survey on Acquisition, Development & Construction Financing, 27.7% of survey respondents on net indicated that overall lending standards on AD&C loan availability had eased in the fourth quarter of 2015…. Read More ›

Foreclosure Starts Rate Falls

The delinquency rate for first-lien mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 4.77% of all loans outstanding at the end of the fourth quarter of 2015, 22 basis points less than its level in the third quarter of 2015 and 91 basis points below its level one year ago. According to the report, released by… Read More ›

Household Debt Outstanding Rises as Mortgage Debt Expands

Aggregate household debt outstanding totaled $12.116 trillion in the fourth quarter of 2015, 2.4%, $289 billion, greater than its level of one year ago. According to the report released by the Federal Reserve Bank of New York, housing-related debt, mortgages and home equity lines of credit rose by a combined amount of 0.6%, $56 billion. The increase in housing-related debt outstanding reflected… Read More ›

AD&C Credit Standards Tighten, Even as Outstanding Loan Amounts Rise

Credit standards on loan applications for construction and land development loans or credit lines tightened, on net, over the fourth quarter of 2015. According to the most recent iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey, a net share of 12.7% said that lending standards at their respective commercial bank tightened. The net share represents the difference between… Read More ›

Housing Equity Continues to Expand

The Financial Accounts of the United States shows continued improvement in the aggregate home equity position of U.S. households. Household holdings of real estate, measured on a not seasonally adjusted basis, totaled $21.826 trillion in the third quarter of 2015, $1.365 trillion higher than its level, $20.461 trillion, in the third quarter of 2014. At the same time, home mortgage debt outstanding,… Read More ›

HELOCs Continue to Shrink, But at Larger Banks

According the Federal Reserve Bank of New York the outstanding amount of home equity lines of credit (HELOCs) was the only debt category to record a decrease in the third quarter of 2015. Home equity lines of credit are an important source of financing for home remodeling projects. Over the quarter, the outstanding amount of HELOCs fell by 1.4%, $7… Read More ›