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Mortgage Credit Availability Jumps Again in August

Appraisal Buzz

While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. Conventional lending programs that are not subject to conforming loan restrictions are examined by the Jumbo MCAI, whereas those that are are examined by the Conforming MCAI. In August, the MCAI increased by 0.9%

Mortgage 414
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Mortgage Credit Availability Tightens in September 

Appraisal Buzz

While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. Conventional lending programs that are not subject to conforming loan restrictions are examined by the Jumbo MCAI, whereas those that are are examined by the Conforming MCAI.

Mortgage 387
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Mortgage Credit Availability on the Rise 

Appraisal Buzz

While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. Conventional lending programs that are not subject to conforming loan restrictions are examined by the Jumbo MCAI, whereas those that are are examined by the Conforming MCAI. In July, the MCAI increased by 3.3%

Mortgage 396
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Mortgage Credit Availability Rises, But Challenges Remain

Appraisal Buzz

While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. Conventional lending programs that are not subject to conforming loan restrictions are examined by the Jumbo MCAI, whereas those that are are examined by the Conforming MCAI. In June, the MCAI increased by 1.0%

Mortgage 397
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Another lender settles redlining accusations with DOJ

Housing Wire

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

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LendArch hires Karthik Kumar, TCS’s former head of mortgage

Housing Wire

Kumar was a manager at Standard Chartered Bank from 2002 to 2004. “We intend to change how lending is going to be done fundamentally – behavior, market dynamics, products,” Kumar said. LendArch has a consulting arm to develop a plan for clients, for example, to reduce costs and improve their underwriting.

Mortgage 370
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FHA proposes updates to reverse mortgage debenture interest rates

Housing Wire

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. Department of Housing and Urban Development (HUD) never fully implemented this. “To These proposals build upon several changes FHA made to the HECM program on Jan. But the U.S.

Mortgage 443