Blog

Is It Too Hard To Get a Mortgage? – Zillow Blog

November 8, 2014 by Admin
Share This Post       

 

Six years after loose lending guidelines caused the worst financial crisis since the Great Depression, many still argue it’s too hard to get a mortgage in this country. The debate was framed well recently as USA Today squared off with the Mortgage Bankers Association (MBA), the country’s top housing finance advocate.

USA Today said that human discretion has been taken out of mortgage decision making at banks, and they rely too heavily on transferring loan risk to government-backed entities Fannie Mae and Freddie Mac. The paper printed a rebuttal from MBA head David Stevens saying lenders are running scared because unclear regulations and heavy-handed enforcement can put them out of business overnight for lending to imperfect borrowers.

Both make a similar point in different ways: Home lending got too tight post-crisis and is still too tight. But before we discuss how it’s loosening, let’s remember how we got here.

via Is It Too Hard To Get a Mortgage? – Zillow Blog – Real Estate Market Stats, Celebrity Real Estate, and Zillow News.

 
 

Topics

 

Popular Posts

 

Current Rates

 

VA
30 Yr. Fixed

As of: September 19, 2018

4.750%
RATE
4.919%
APR

Conventional Refinance
30 Yr. Fixed

As of: September 19, 2018

4.625%
RATE
4.675%
APR

Conventional Refinance
15 Yr. Fixed

As of: September 19, 2018

4.000%
RATE
4.085%
APR

FHA
15 Yr. Fixed

As of: September 19, 2018

4.250%
RATE
5.067%
APR

FHA
30 Yr. Fixed

As of: September 19, 2018

4.625%
RATE
5.414%
APR
 
 
 

 

 

Read What People Say

 

Robert Lindsey

"From the first inquiry to the signing our experience was seamless. The response was immediate to our first questions and we were helped with every step. Couldn't be happier . Thanks to everyone."

 
 

Recommended For You

Take a closer look at the loan expertise and customer service that earned us the acclaim of Dallas/Ft. Worth for 10 consecutive years.

FIND A LOAN