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Historically tight underwriting reinforced by regulation and third-party reviews could be buffers, so long as manufacturing standards for production and servicing hold up as residential mortgage companies downsize, according to KBRA.
The US housing market is starting to roll over quickly — and the parallels to the 2008 meltdown are growing.
Access to jumbo mortgage credit continued to increase in November, but the Mortgage Bankers Association (MBA) says it is still down significantly from pre-pandemic levels . Overall access fell during the month according to MBA's Mortgage Credit Availability Index (MCAI) which dipped by 0.6 percent. The decrease, however, was due solely to a constriction on the government loan side. The MCAI was at 124.9 in November. In February 2020, as the pandemic was taking hold, it had a reading of 181.3. A decline in the index is indicative of tightening credit. The index has four components. The ...
While qualifying got a little tougher for entry-level buyers with lower incomes in November, some other prospective borrowers had an easier time of it.
Buying A New Or Used Vehicle? Hold Your Horses - Lower New Car Inventories, Out of Sight Used Car Prices, A Year Of New Car Hots All Add Up To a Car Dealers Dream TACH's TAKE: Unless your current vehicle can't continue to do its job wait until the selling field is more rational to fill your new car desire. Atlanta (Out Of Auto Gasoline), GA - May 12, 2021: Cox Automotive reported that new and used vehicles continue to be in high demand and, as seen at gas stations across the South right now, when supply dips, consumers come calling, many with their wallets wide open.