“Credit availability declined in December to the lowest level since 2012, as ongoing industry consolidation is resulting in more loan programs being removed from the marketplace,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »Blue Sage Solutions Names New Marketing Director
Bringing 20-plus years of experience to her new role, Dee Khullar will lead the cloud-based lending tech provider in implementing brand management, and driving new revenue growth.
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 Tech Vet Stephanie Durflinger Joins Dark Matter Technologies
Former ICE, Sagent, and Ellie Mae executive joins mortgage tech provider to spearhead product development of the company’s Empower software and digital products.
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 Experiences Modest Bump
“Mortgage credit availability was essentially unchanged in June, remaining close to the lowest level since early 2013, as the industry continues to operate at reduced capacity,” said Joel Kan, Mortgage Bankers Association VP and Deputy Chief Economist.
Read More »Mortgage Credit Availability Falls to Lowest Point in Over a Decade
The MBA reports that mortgage credit availability fell for the third straight month in May, dropping to levels last recorded in January 2013.
Read More »Refi Activity Jumps to Nine-Month High
Despite the Fed continuing to raise interest rates, overall mortgage refinance application volume rose 10% week-over-week, hitting levels last seen in September of 2022.
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 »The Automation Revolution Reaches a New Phase
Most lenders have automated much of the front end of their processes, and now, Robotic Process Automation (RPA) technology is helping to automate the in-between functions.
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