MBA: Jumbo loans drive mortgage credit availability

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These metrics and underwriting criteria for over 95 lenders/investors are combined by MBA using data made available via the AllRegs Market Clarity product and a proprietary formula derived by MBA to calculate the MCAI, a summary measure which indicates the availability of mortgage credit at a point in time.

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.

MBA. Appetite for jumbo loans increasing as jumbo credit availability rises to 8-year high. housingwire.com – Ben Lane. It was easier to get a jumbo mortgage in June than it has been in any month since 2011, according to a new report from the Mortgage Bankers.

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Jumbo Vs Conventional Mortgage rates mba: jumbo loans drive mortgage credit availability – The increase was primarily driven by a rise in the number of jumbo adjustable rate mortgage programs. of credit availability as part of the monthly release: the Conventional Mortgage Credit.. Loan Servicing Market Is Booming Worldwide : Leading Key Players: FICS, Fiserv, Mortgage Builder – . data.

The index is calculated using several factors related to borrower eligibility (credit score, loan. The MBA then break down mortgage credit even further and tracks four component indices. The Jumbo.

Separately, the Mortgage Bankers Association (MBA) reported that its Mortgage Credit Availability Index (MCAI) fell by 7.3 percent to 175 in December, its lowest level since February 2017. The conventional mcai dropped by 14.5 percent, the Jumbo MCAI slipped by 14.9 percent and the Conforming MCAI took a 14 percent drop, while the Government.

"Credit availability increased in March driven by increased availability of Jumbo loan programs and Government loan programs," said Lynn Fisher, MBA’s VP of Research and Economics.

Jumbo Loan Credit-Score Standards Still Tough, But Getting Easier. Credit-score standards and criteria vary from one lender to the next. There is no single cutoff point used across the board. In 2015, many mortgage companies seem to be setting the bar around 600 or 620 for a conforming home loan, and upwards of 650 for jumbo products.