The FHA has issued its Annual Report to Congress for fiscal year 2023, highlighting the impact of insurance premium reduction, assistance for approximately two million struggling homeowners, and support of underserved borrowers and communities.
Read More »Mortgage Credit Availability on the Rise in October
Driven by increased activity in the jumbo mortgage market, the MBA reported mortgage credit availability on the rise to begin Q4, as lenders have begun to offer more ARM products to offset mortgage rates that reached nearly 8% in the second half of October.
Read More »Mortgage Credit Availability Rebounds
The MBA's Mortgage Credit Availability Index revealed that August's share of mortgage credit availability was on the upswing after a decrease in July, which resulted in the lowest level of credit availability recorded since 2013.
Read More »Mortgage Credit Availability Falls to Lowest Level in a Decade
“Mortgage credit availability declined to its lowest level since 2013, as lenders pulled back on underutilized loan programs and as liquidity concerns remain for some jumbo lenders,” said Joel Kan, MBA’s VP and Deputy Chief Economist. "Declining origination volumes have led to lower profitability for many lenders, resulting in narrower loan product offerings to reduce operational costs.
Read More »Supply of Government Mortgage Credit Slips for the Third Time in Four Months
“With the spring buying season underway, lenders are grappling with the threat of a recession and tighter overall financial conditions following the recent bank failures,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »Mortgage Credit Availability Slides to Nine-Year Low
The MBA reports that credit standards are becoming more restrictive, as its Mortgage Credit Availability Index drops to its lowest level since March of 2013.
Read More »Higher Rates Impacting the Overall Mortgage Credit Landscape
Mortgage credit availability fell slightly in June, according to the MBA, as mortgage rates reacted to the Fed’s actions in raising the nominal interest rate to curb inflation.
Read More »Mortgage Credit Availability and Equity Richness on the Rise
A pair of data reports issued today provide further insights into the good news. But will it last?
Read More »DS5: The Tightening of Mortgage Eligibility
Eric Kaplan, Director, Milken Institute of Financial Research, VP Consumer Advisory Board, CFPB, discusses on the latest DS5: Inside the Industry how COVID-19 has impacted a potential borrowers’ ability to own a home.
Read More »Lending Standards for Homebuying is at Risk of Tightening
A new report found several banks are making it difficult to be approved for a mortgage, with many raising the credit limits.
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