Conventional March News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Here’s what happened when a company relied on forecasts and rate predictions during late 2022 for its business in 2023. You’d have a come-apart! Speaking of losing one’s cool, how do you think IMBs feel about this Bloomberg story about how mortgage fees at banks are less than at non-banks? In STRATMOR Group’s December Insights Report, STRATMOR provides key takeaways that will help lenders think outside the box, evaluate new strategies, take risks and survive the downturn that is likely to continue into the first quarter of 2024. Lenders are looking at rising credit ...

Mortgage credit availability decreased in July to its lowest point since March 2013. That’s according to the Mortgage Credit Availability Index (MCAI), a report released today from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.

Two full years after the COVID-19 virus upended life the Mortgage Bankers Association’s (MBA’s) Mortgage Credit Availability Index (MCAI) remains some 50 points below the range where it had hovered for several years before the pandemic hit. MBA says the index, fell 07 percent in March, to 125.1. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The MCAI has four components. The Conventional MCAI increased 0.3 percent, while the Government MCAI decreased by 1.6 percent. Of the component indic...

Even as the economy is improving, access to mortgage credit fell in January as investors cut back their demand for some products. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) for the month fell 0.9 percent to 124.8.  A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. Four components make up the MCAI and only the index reflecting access to government guaranteed products moved higher. The Conventional MCAI decreased 2.5 percent, while the Governmen...

Mortgage credit loosened a bit last month but the Mortgage Bankers Association’s (MBA’s) Mortgage Credit Availability Index (MCAI) which measures credit access remains well below pre-pandemic levels which often topped 180. MBA says the index gained 0.8 percent to a 125.9 reading in December. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The December reading was the highest since March 2020. The index began a precipitous eight-month slide in February 2020 as lenders tightened underwriting i...