Tag Archives: GOvernment Loans

Mortgage credit access is expanding, but the data sometimes gives a misleading picture of who’s getting mortgages and from where. Here’s what a report focusing on mortgage denial rates found.

Despite mortgage credit availability being at an all-time high, why does the private market remain restricted? A new report tries to understand the trend.

Mortgage credit availability increased by 2.1 percent to 182.9 points in January according to the Mortgage Credit Availability Index (MCAI) data released on  Tuesday. The MCAI, a report ...

The availability of mortgage credit has dropped more than a full percent over the last month, indicating lenders are continuing to tighten their credit standards. Overall mortgage credit availability fell 1.1 percent in May and 0.2 percent in April. Broken down by loan type, government credit availability saw the biggest drop, falling 1.9 percent over the month. Conforming credit dipped 0.3 percent, while conventional and jumbo credit availability headed the other direction, rising 0.2 percent and 0.8 percent, respectively. Jumbo loan credit availability, which has risen 13 out of the last 15 months, has helped to offset falling credit availability in other sectors.

Jumbo and Government loans jumped in March, boosting overall credit availability. However, Conforming loans saw a drop of 2.6 percent in that time, driven by increased home prices and rising interest rates.