Mortgage lenders continue to tighten standards
April 29, 2010
Although the mortgage industry is showing signs of stability, in Q3 2009 mortgage originations fell 30 percent over Q2 2009 to $380 billion, which is in line with seasonal trends. The biggest decline can be seen in high-credit-quality consumers (VantageScore® A and B categories), which saw a 39 percent decline and a 29 percent decline in originations, respectively.
For more credit trends, view this replay of the recorded Webinar, "Unique insights on consumer credit trends —highlights from the Q4 2009 Experian–Oliver Wyman Market Intelligence Report".
Source: Experian–Oliver Wyman Market Intelligence Reports
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