A new report revealed the factors driving a decline in mortgage credit availability while breaking down credit across various loan categories.
Read More »Just How Available Is Mortgage Credit?
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.
Read More »Government Expands Mortgage Credit Access, Private Market Still Clenched
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.
Read More »Mortgage Credit Availability Increased in January
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 ...
Read More »Mortgage Credit Availability Dips, Government Loans Fall Most
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.
Read More »Jumbo and Government Loans Boost Credit Availability
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.
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