Remove 2010 Remove Construction Remove Lending
article thumbnail

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
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

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
article thumbnail

Veritex buys 49% stake in Thrive Mortgage

Housing Wire

. “With a similar culture and alignment of values, Veritex has helped Thrive grow by understanding our business and assisting Thrive with tailored financing, including construction warehouse lending. The investment in Thrive comes amid a wave of M&A activity in the mortgage lending space. It posted net income of $31.8

Mortgage 370
article thumbnail

Home sales to remain subdued for remainder of 2023: Fannie Mae

Housing Wire

million, the existing home sales forecast represents the slowest annual pace since 2010, according to the ESR Group. New home construction is expected to pull back later in 2023 – consistent with Fannie Mae’s forecasted recession – which is due, at least in part, to tighter credit availability for construction lending.

article thumbnail

Mortgage Credit Availability Jumps Again 

Appraisal Buzz

A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The Conventional, Government, Conforming, and Jumbo MCAIs are constructed using the same methodology as the Total MCAI and are designed to show relative credit risk/availability for their respective index.

Mortgage 418