Tag Archives: Jumbo Loans

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.

The scrutiny borrowers face when seeking jumbo loans might be as tough as ever, but qualifying one is at least getting easier.

According to an announcement from the bank on Wednesday, Chase is simplifying its jumbo loan product offerings by lowering FICO and down payment requirements on loans as much as $3 million.

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.

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.

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.

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.

According to Fitch Ratings' latest quarterly index, prepayment rates among U.S. residential mortgage-backed securities (RMBS) have declined to the lowest levels of the post-crisis era. Fitch Ratings' director Sean Nelson ...

United Wholesale Mortgage (UWM), one of the nation’s largest wholesale lenders, announced the launch of its new ‘Big & Easy Plus’ program designed for jumbo loans that don’t fit the Qualified Mortgage (QM) criteria.

The Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI) increased 0.44 percent last month to 114.0, the group reported Tuesday, indicating a loosening of credit. “Consistent with past months, many lenders and investors are providing borrowers seeking higher loan amounts with a broader range of financing options by introducing new jumbo loan programs,” explained MBA chief economist Mike Fratantoni.