MBA: Jumbo loans drive mortgage credit availability

MBA: Mortgage credit tightens in September. Mortgage credit tightened in September as availability for government loans declined to the lowest level since July 2015, the mortgage bankers association reported. MBA’s composite index decreased by 0.8 percent to 182.1, an indicator of tightening credit.

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Consistent with this explanation of high average purchase loan sizes, MBA’s Mortgage Credit Availability Index shows that for the last year the availability of mortgage credit has been increasing more.

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Mortgage credit availability increased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage bankers association (mba) that analyzes data from Ellie Mae’s AllRegs market clarity business information tool. The MCAI rose 2.1 percent to 186.0 in April.

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According to the Mortgage. Jumbo MCAI (up 4.7 percent), the Government MCAI (up 0.9 percent), and the Conforming MCAI (up 0.4 percent). "Credit availability increased in July, mainly driven by.

Mortgage credit. Jumbo MCAI increased by 6.3% while the Conforming MCAI increased by 4.6%. “Reversing a trend from last month, lenders made more conventional and low down payment programs available.

Mortgage rates were down slightly while mortgage credit availability rates were up, according to a pair of new data reports. Freddie Mac stated that the 30-year fixed-rate mortgage (FRM) averaged 4.10 for the week ending May 9, down from last week when it averaged 4.14 percent.

Credit availability for conventional loans increased 1.9%. Credit availability for government loans fell 1.4%. Of the component indices of the conventional MCAI, credit availability for jumbo loans increased 4.4% while availability for conforming loans fell by 0.9%.

Mortgage. agency jumbo and non-agency jumbo programs," Mike Fratantoni, MBA chief economist, said in a statement. "We also saw some expansion in credit for borrowers with lower credit scores and.

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Jumbo Loans According to the recent Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA), credit availability increased in March led by a swell in jumbo mortgage loans as well as an uptick in government loans. The MCAI rose 3.2% to 183.4 in March, implicating a loosening of credit.

Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to. pressure on home prices and overall affordability.” The MBA also released its mortgage credit.