Home >> Tag Archives: Jumbo Loans (page 2)

Tag Archives: Jumbo Loans

Mortgage Balances Rise in 2014

According to a report released Wednesday by credit reporting firm TransUnion, the average mortgage balance per consumer increased to $187,139 by the end of last year's fourth quarter, up from $185,496 in Q4 2013. The greatest increase in mortgage balances came in the super prime risk category.

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Lenders Boost Credit Availability for Jumbo Loans

The Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index nudged up 1.2 percent in November, totaling 114.6 for the month. MBA's chief economist, Mike Fratantoni, said last month's uptick mostly came from the addition of jumbo loan programs that allow cash-out refinancing.

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Mortgage Credit Loosens in July Index

The Mortgage Bankers Association (MBA) reported a 0.5 percent increase in its Mortgage Credit Availability Index (MCAI) for the month of July, putting the index at 116.4. According to the group, the main force behind the increase was a rise in the number of jumbo adjustable-rate mortgage (ARM) programs. Also contributing to the pickup was an increase in availability of high-balance FHA and VA loan programs.

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Mortgage Credit Access Declines in April

A report released Thursday by the Mortgage Bankers Association (MBA) shows that mortgage credit availability was down slightly in April, which means a tightening of standards in the mortgage industry. The results, which analyze data from the AllRegs Market Clarity product, come through MBA’s Mortgage Credit Availability Index (MCAI). These results showed that the MCAI index decreased by 0.18 percent to 113.8 from March to April.

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