While financial institutions face the challenge of increasing originations and balancing the risk associated with loan affordability, a data-driven approach can help lenders expand the pool of potential borrowers.
Tag: Down Payment Resource
People in the News, July 5, 2024
Industry personnel news from Down Payment Resource, the Federal Reserve Bank of Atlanta and Westcor Land Title Insurance Co.
Middle-Class Americans Must Put Down More Than $127,000 to Afford Monthly Mortgage: Zillow
A new Zillow analysis shows that to comfortably afford a typical U.S. home, a median-income homebuyer needs to put down nearly $127,750, or 35.4%.
Industry Briefs, May 21, 2024
Industry news from STRATMOR Group, Teraverde, Gridbase, Westcor, USFN, LoanLogics, Snapdocs, SitusAMC, ICE and Down Payment Resource.
Down Payment Resource Finds 9% Increase in Homebuyer Assistance Programs
Down Payment Resource, Atlanta, reported that 79 homebuyer assistance programs were added in the first quarter, to hit 2,373 total. That’s an increase of 9% year-over-year and the largest annual jump since DPR began compiling the data in Q3 2020.
Industry Briefs, April 19, 2024
Industry news from Heartland Multiple Listing Service, Down Payment Resource, Total Expert, Floify, A&D Mortgage and FICO.
Rob Chrane From Down Payment Resource: Lenders are Letting Too Many FHA Borrowers Leave DPA on the Table
Here’s the kicker: a lot of DPA goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. And that’s a shame for every participant in the housing finance and real estate market.
Down Payment Resource’s Rob Chrane–Lenders are Letting Too Many FHA Borrowers Leave DPA on the Table
Here’s the kicker: a lot of DPA goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. And that’s a shame for every participant in the housing finance and real estate market.
Down Payment Resource’s Rob Chrane: Lenders are Letting Too Many FHA Borrowers Leave DPA on the Table
Here’s the kicker: a lot of DPA goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. And that’s a shame for every participant in the housing finance and real estate market.
Down Payment Resource Study: 135 Homebuyer Assistance Programs Added in 2023
Down Payment Resource, Atlanta, released its Q4 2023 Homeownership Program Index Report, finding there were 135 homebuyer assistance programs introduced throughout the year, during a period when home affordability has been top-of-mind for many.