Banks Reversed Mortgage Credit Tightening in October
Mortgage lenders reversed what had been a months-long decline in mortgage credit availability last month, new research from the Mortgage Bankers Association found, as the improving economy reduced risk. The MBA’s Mortgage Credit Availability Index (MCAI), which...
Forbearances Drop as Initial CARES Act Relief Ends
With the first of two six-month forbearance periods available through the CARES Act ending, some borrowers have been exiting forbearance without contacting their mortgage servicers, one factor contributing to a recent drop in loan forbearances, according to the...Odd Lots: Forbearance Drop Hides Key Developments
The number of homeowners seeking mortgage forbearance fell for at least eight straight weeks this summer. But that decline masks a couple of other important trends. One is a big uptick in the number of borrowers asking for an extension of plans that allowed them to...
Mortgage Availability Falls to Lowest Level Since 2014
A decline in jumbo mortgage availability drove overall mortgage credit availability in April to its lowest level since 2014, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index, which analyzes data from Ellie Mae,, fell by...This Week’s Paper: Digital Edition
