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Jul 06, 2005

Decision One products aid first-time borrowersMortgagePress.comDecision One,CLTV,stated income,Lite Doc Decision One Mortgage has rolled out two new programs in June, including a "Lite Doc" product that qualifies borrowers with only six months of bank statements, and a 100 percent combined loan-to-value (CLTV) stated income product for first-time homebuyers. For borrowers with qualifying credit, both programs provide 100 percent CLTV financing, with an 80 percent first and 20 percent second. Headquartered in Charlotte, N.C., Decision One Mortgage is a non-conforming lender with 22 branches nationwide. For more information, visit www.d1online.com.

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Jul 06, 2005

Analysis and Data

Late Pays Rising for Student, Auto Loans

More of those with strong credit records have gone delinquent

Delinquencies are building across two major food groups — student loans and automobile financing — the feed credit scores and are sure to impact the ability of would-be home buyers to obtain a mortgage. The Education Department hasn’t updated its official student loan rep...

Analysis and Data

Buyers Faced Bigger Down Payments in 2024

Buyers paid an average of 14.4% of the purchase price, up from 14.2% in 2023

Down payments reached record highs in 2024, both in dollar amounts and as a share of purchase price, according to a new report from Realtor.com. The typical down payment in Q4 was $30,250, slightly below Q3 but about $3,000 higher than a year earlier. "As inventory recove...