Mortgage lenders remain cautious in terms of credit quality, Credit Scores Rising, LTVs Dropping on New Mortgages:
Your Daily Dose from DSNews.com: Report down payments, and valuations, as evidenced by the findings outlined in the new Origination Insight Report generated by Ellie Mae.
The company found that the average credit score for loans approved by lenders and closed is steadily rising, while acceptable loan-to-value (LTV) ratios are declining.
Ellie Mae’s report series tracks the current lending environment for refinance and purchase mortgages and provides metrics on the kinds of loans getting done and on the challenges consumers and lenders are facing. The company intends to issue the report monthly.
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