Last month, the average FICO score for a closed home loan was 732, down from 750 a year ago, shows data from mortgage tracker Ellie Mae. The average down payment was 19%, vs. 22% a year ago. What’s more, almost one-third of closed loans had FICO scores under 700, vs. 17% a year ago. The
LEVERAGED PORTFOLIO’S ARE BACK IN VOGUE. INVESTOR DEMAND SLOWS DOWN
AS THE BANKS CONTINUE TO OFFER MORE AND MORE LENDING OPPORTUNITIES FOR BUILDERS, THE INVESTORS WHO HAVE BEEN IN THE HOUSING MARKET GAME ARE BEGINNING TO LOOSE INTEREST. THE LOW TEENS RETURNS VS MID TO HIGH 20% RETURNS HAS INVESTORS SEEKING OUT ALTERNATIVE INVESTMENT OPPORTUNITIES. LEVERAGED PORTFOLIO’S ARE BACK IN VOGUE. The proportion of
Banks’ Brimming Optimism Keeping Regulators Up at Night
Dodd-Frank and other Wall Street regulations born from the financial crisis were formed with one overarching goal: no more taxpayer bailouts. If you ask Morgan Stanley Chief Executive Officer James Gorman, regulators and big banks have done one heck of a job ensuring that reality. With the fifth anniversary of the financial crisis around the