For the first time in nine months, the MBA reports that mortgage credit availability increased in November, driven by a spike in the interest of ARM loans amid a declining rate environment.
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 »Mortgage Credit Availability Falls to Nine-Year Low
Credit availability fell to its lowest level since March 2013 in September, as reports show credit tightening for the seventh consecutive month.
Read More »Mortgage Credit Availability Falls in August
As investors continue to reduce their offerings of ARM and non-QM loan programs and with overall origination volume forecast to constrict, the MBA found mortgage credit availability on the decline once again in August.
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 »Who Needs Non-QM Loans?
Greg Austin of Carrington Mortgage Services discusses the flexibility found in non-QM loans for the self-employed, investors, and more.
Read More »Mortgage Credit Availability Dips for Second Consecutive Month
Slowdown in refi business has reduced lenders’ availability of government streamline refi programs, which have grown to be less an option for many borrowers.
Read More »Home Purchases Begin to Eclipse Refis
For the first time in 18 months, the share of refis has dipped below the share of home purchases with the summer home sales market heating up.
Read More »Homebot Names Jeff Marchetti VP of Large Account Enterprise Sales
Former Ellie Mae VP brings 20-plus years of experience to his new role, leading the drive to create client-for-life relationships.
Read More »Mortgage Rates Slide for the Third Consecutive Week
Rates drop even further below 3%, as more are taking advantage of both purchase and refi opportunities with rates in continued record-low territories.
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