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Driven by jumbo underwriting, credit eased somewhat in October, according to the MBA’s Mortgage Credit Availability Index. Index and the Job Openings and Labor Turnover Survey for September (JOLTS).
Bank of America, Citigroup brace for annual stress tests JPMorgan, Bank of America, Citigroup and Goldman Sachs were among the top banks that passed the Federal Reserve’s second stress test, clearing the way for them to return more capital to shareholders.
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.
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The seasonally adjusted purchase index increased 24% from one week earlier to the highest level since September. with evidence that credit availability has increased somewhat, and with FHA’s.
Mortgage credit availability remained unchanged in September according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association. The MCAI remained unchanged at 116.
"Overall credit availability increased only slightly in June over May’s levels. Jumbo credit availability increased for the sixth month in a row and is at its highest level since 2011, when the survey began," said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting.
Mortgage credit availability increased 0.7% in September compared with August to reach a score of 181.4 on the mortgage bankers association’s Mortgage Credit Availability Index (MCAI). A decrease in the index score indicates that lending standards are tightening, while increases are indicative of loosening credit.
The refinance index rose 1 percent, while the purchase index was unchanged from a week ago. reading we received on the job market on Friday.” The MBA also released its mortgage credit availability.
That marks the fourth straight month that credit availability decreased. and 10-year ARM programs unchanged.” tight credit isn’t holding prospective borrowers back from applying for a mortgage.
The Mortgage Bankers Association (MBA) reported that its Mortgage Credit Availability Index (MCAI) rose by 1.9 percent to 189.5 in May. The Conventional MCAI increased 4.4 percent and two of its component indices were also up: The Jumbo MCAI by 6.8 percent and the Conforming MCAI by 0.9 percent.
Jeb Bush: Current housing and debt situation unsustainable Jeb Bush released an economic plan in August but it doesn’t specifically deal with housing. According to housingwire.com, in a May fundraising event in New Hampshire, Bush said that Fannie Mae and Freddie Mac need reform and that the current housing and debt system is unsustainable.
Access to mortgage credit remained unchanged in September following a slight tightening in August, according to a leading measure. The Mortgage Bankers Association’s (MBA) Mortgage Credit.
The average fee remained unchanged at 0.4 points. refinance applications saw just a moderate rise despite the fall in rates. The MBA also released its Mortgage Credit Availability Report for.