A borrower’s credit report provides a valuable snapshot of their financial health. Mortgage lenders have been using it for years to underwrite their deals, credit is, the most dynamic of the 3 Cs of lending, and it has proven a reliable source of data to predict loan performance. But it can be more than that if the lender learns not to take the borrower’s credit at face value.
Tag: Mike Fratantoni
Sponsored Content From CreditXpert: How to Keep Credit Scores from Robbing You of New Mortgage Lending Business
A borrower’s credit report provides a valuable snapshot of their financial health. Mortgage lenders have been using it for years to underwrite their deals, credit is, the most dynamic of the 3 Cs of lending, and it has proven a reliable source of data to predict loan performance. But it can be more than that if the lender learns not to take the borrower’s credit at face value.
Fed Keeps Rates Steady But Suggests Possible Increase Later This Year
The Federal Open Market Committee held rates steady on Wednesday but suggested a possible rate increase later this year.
August Jobs Report: 187,000 Jobs Added, Unemployment Up to 3.8%
The U.S. Bureau of Labor Statistics reported that in August, 187,000 jobs were added. However, the unemployment rate also rose slightly, by 0.3 percentage point, to 3.8%.
Fed Raises Key Interest Rate by 25 Basis Points
The Federal Reserve’s Federal Open Market Committee increased short-term rates at its July meeting, responding to high but moderating inflation and a job market that remains quite strong.
Economy Adds 209,000 Jobs in June
Nonfarm employment increased by 209,000 in June, but the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported Friday.
Economy Adds 209,000 Jobs in June
Nonfarm employment increased by 209,000 in June, but the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported Friday.
Quote: July 10, 2023
“Job gains slowed in June and estimates of growth were reduced for the prior two months. Although the unemployment rate dropped a tenth, the household survey did show some signs of a weaker market, with the U-6 increasing.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni
Fed Keeps Rates Steady But Options Open
The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.
Fed Keeps Rates Steady But Options Open
The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.