Delivered to over
70,000+ industry professionals
each day, the Daily Newsletter is the
definitive recap of the day's most
relevant mortgage and real estate news and data. View the latest Newsletter below.
View our most recent newsletter below, or use the date selector to view past newsletters.
An increase availability of high balance loans helped drive the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) to a three-month high in May. MBA said the Index rose 1.5 percent to 180.6. An increase in the MCAI is indicative of loosening credit standards while a decline means those standards are tightening. All four components of the MCAI posted increases. The Conventional MCAI rose 2.0 percent from the April level and the Government index was up 1.0 percent. The Jumbo index and the Conforming Index were up 2.2 percent and 1.9 percent respectively. "The expansion of offerings across all loan types drove credit availability to its highest level in three months," Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting said. "In particular
Housing News
|
|
An increase availability of high balance loans helped drive the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) to a three-month high in May. MBA said the Index rose 1.5 percent to 180.6. An increase in the MCAI is in... (read more)
|
|
Rob Chrisman
|
|
Some banks have concluded they will have to support Libor after 2021 , when alternative rates are in place. The banks hope to avoid disruption from a sudden discontinuation of Libor. Why does it matter? Plenty of adjustable rate mortgages, and lender... (read more)
|
|
MBS Commentary
|
|
Bonds are starting the day in a slightly weaker stance yet again. While we managed to come back from a weaker start yesterday, it's worth checking in with the important defensive ceilings. If this week continues to be unfriendly, these ce... (read more)
|
|
Housing News
|
|
As the value of residential real estate rises with home prices, so has the owner's equity share of that value. Jing Fu, writing in the National Association of Home Builders' (NAHB) Eye on Housing Blog, says that equity hit a new high in the first qua... (read more)
|
|
MBS Commentary
|
|
History suggests that Fed/ECB meetings in June are more than up to the task of causing significant volatility in bond markets. It also suggests that summertime Mondays often turn into unofficial 3-day weekends. Both options are still on... (read more)
|
|
Mortgage Rate Watch
|
|
Mortgage rates didn't move much today. That keeps them in line with some of the highest levels in nearly 7 years, though the same could be said for a majority of the days since mid-April. Rather than talk about where we are and where we've been, the ... (read more)
|
|
|
|
|