Tag Archives: First-lien originations

A new report required by law under the Helping Families Save Their Homes Act of 2009, a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, showed that the majority of loans are current, and foreclosures remain below levels recorded before the pandemic.

While borrowers with pristine credit are still getting a majority of purchase loans, lenders are showing signs that they are willing to let borrowers with “moderate” credit in on the action.