Items Tagged with 'Mortgage Credit Availability'


  • Appetite for jumbo loans increasing as jumbo credit availability rises to 8-year high

    Overall credit availability increased slightly in June
    It was easier to get a jumbo mortgage in June than it has been in any month since 2011, according to a new report from the Mortgage Bankers Association. The report showed that the availability of jumbo mortgage credit increased for the sixth straight month, rising to its highest level since 2011.
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  • Mortgage credit availability reaches post-crisis high among GSEs, government lenders

    Lenders continue to increase risk as mortgage rates rise
    Mortgage lenders are opening access to credit as mortgage interest rates continue to rise. Overall, mortgage credit availability declined in the second quarter of 2018, however, the decrease was due to a market shift of more buyers moving to the portfolio channel in the second quarter, which has much tighter lending standards.
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  • Urban Institute: Where have all the borrowers gone?

    A new report on the shrinking borrower pool
    A recent report from the Mortgage Bankers Association showed that mortgage credit availability is increasing, meaning it’s getting easier to get a mortgage and has been since 2011. Or so it would seem. A new report from the Urban Institute suggests that it’s actually more difficult to get a mortgage now than it was before the crisis.
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  • Here's "clear evidence" the credit box is way too tight

    Why five years of squeaky clean loans isn’t a good thing
    Borrowers who took out mortgages in the past five years are better at paying their mortgages than any other group of mortgage borrowers in history. But this squeaky-clean performance isn’t a good thing, according to the Urban Institute. In a new blog post, the think tank posits that the interesting data shows the severity of how tight the credit box is.
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  • Expanding mortgage credit availability isn't hard, if you do it right

    Carrington Mortgage Holdings' Dan Magder on how to open the credit box
    At meeting after meeting with mortgage industry executives, government officials ask all of us to expand mortgage availability to underserved borrowers. But those officials caution industry leaders in the very next breath, don’t loosen underwriting standards and return to the go-go days of the credit crisis. Hearing these seemingly contradictory requests, the lending community is left scratching its collective head. But there are ways to bridge the divide.
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  • Record low interest rates? Ha! It's still getting harder to get a mortgage

    MBA report shows mortgage credit availability decreases again in June
    Mortgage interest rates are nearing all-time record lows and mortgage applications are up, all thanks to the Brexit, but it looks like those figures may not lead to a huge jump in actual mortgages being taken out, because it's still getting harder to get a mortgage. Here's the sobering news.
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  • Fannie Mae: Almost no lenders plan to ease credit standards

    Lender survey results suggest constrained credit box will continue
    A recent report from the Mortgage Bankers Association showed that mortgage credit availability is on the decline, with the Mortgage Credit Availability Index for May showing a decrease for the third straight month. And a new report from Fannie Mae suggests there's no light at the end of the tunnel for those who hope to see credit standards relaxed any time soon.
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  • MBA: Mortgage credit still getting tighter

    Low-down mortgages not boosting closings
    The mortgage credit box tightened for the third month in a row, except this time, contrary to previous months, all four indices tightened. This is despite efforts to promote 3% down programs to loosen mortgage credit. Freddie Mac's vice president of affordable lending and access to credit explains what the hold-up is, and why conditions continue to tighten.
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