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...
Lenders Expect Strong Profits in Q3: Survey
Many American mortgage lenders expect stronger profits in the third quarter of this year, a new survey from Fannie Mae has found. Fannie Mae’s Q3 2020 Mortgage Lender Sentiment Survey, conducted between Aug. 4 and Aug. 16, polled 207 executives at 186 of its lending...
Despite Pandemic, Some Lenders Found Room to Grow
While most financial institutions likely spent much of the first half of the year focusing on credit quality and the Paycheck Protection Program, some banks and credit unions still managed to find time to grow their loan books during the coronavirus pandemic. The...
Mortgage Credit Availability Up in July
Mortgage credit availability increased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association that analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. The MCAI rose by 1.5...This Week’s Paper: Digital Edition
