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Tag Archives: Mortgage Credit

FHA Helped 765,000 Families Purchase Homes in FY 2023

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.

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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.

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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.

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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.

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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.

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