MBA: Jumbo loans drive mortgage credit availability

Mortgage lending credit standards loosened a bit last month as investors displayed more interest in non-qualified mortgage and nonagency jumbo loans to stay competitive, according to the Mortgage Bankers association. mortgage credit availability, which is driven by trends in jumbo lending, rose 2.1% in April to a reading of 186, according to the MBA’s Mortgage.

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A gauge that tracks mortgage-credit availability ticked up to 114 in March — the highest reading in the series’s three-year history — from 113.5 in the prior month, according to the Mortgage.

Mortgage credit availability increased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from the AllRegs® Market Clarity® product. The MCAI increased 1.8 percent to 117.8 in.

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Mortgage rates stuck in a holding pattern – “Mortgage credit availability increased for the fifth consecutive month in January, driven by increased availability of jumbo loan programs,” said Lynn Fisher, MBA’s vice president of research and.

 · The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $453,100) increased to 4.16 percent from.

Mortgage Credit Availability Increased in April. WASHINGTON, D.C. (May 9, 2019) – 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.

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Mortgage credit availability increased in March led mostly by an increase in jumbo mortgage loan offerings. This, according to the latest data from the MBA’s Mortgage Credit Availability Index (MCAI).

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.

Mortgage Availability Improving, by James Woodard. –  · Finally we are seeing solid signs of improvement in the availability of mortgage loans. According to a survey from Fannie Mae, credit availability is improving. For the first time in more than.

Mortgage credit availability. jumbo loan programs, an increase in offerings of cash-out refinance loans, and continued expansion of the FHA streamline refinance and VA Interest Rate Reduction.