Anna Maria Andriotis

speaker

3,396 appearances 52 recordings 1 series first heard Jul 2017 last heard Dec 2022

Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Some Renters' Payment History Could Soon Help Them Get a Mortgage · 12 Aug 2021 podcast

But if that same person doesn't have a record of showing that consistent rental data or has negative information pertaining to their rental data, then they're kind of just in the same boat they were to begin with. matched

The housing market has been on a tear over the past year, but some first-time home buyers and buyers with limited cash have been left on the sidelines. matched

One data point that just shows how competitive it is in the housing market right now, matched

The majority of mortgages that were originated in the second quarter went to borrowers with credit scores above a 760. matched

That's very high. matched

Generally, the threshold that identifies people as being creditworthy is a 720. matched

So essentially, it's very easy for people with higher credit scores to compete in this market when they're looking to buy a home. matched

But when you are a first-time homebuyer, matched

with maybe not as full of a credit history as others, and credit score that might be good, mediocre, or for others not even really exist, the ability to add this extra factor into the mix when lenders are reviewing applications, decide whether or not to approve people for mortgages, really does make a big change here. matched

Again, I mean, car payments, matched

are on credit reports. matched

Whether we make our monthly payments to our auto lenders, that's on credit reports almost all the time. matched

Same with credit card payments. matched

Why shouldn't rent be included there? matched

It is something that people need to pay matched

in order to stay in their apartments. matched

So this is an attempt to essentially try to give people who are shut out, in part also because of a very competitive housing market, to have more of an ability to compete and to be able to get a mortgage. matched

Bank accounts are starting to play a big role in how lenders are looking at underwriting now and even more so in the near term future. matched

That has not been the case for a very long time. matched

I mean, this is still a fairly new development. matched

Showing 1021–1040 of 3,396 · page 52 of 170