Remove 2010 Remove Construction Remove Lending
article thumbnail

Natural disasters like the LA fires will deepen the U.S. housing crisis

Housing Wire

The study claims that the crisis can be traced back to the early 2000s when subprime lending activities were prevalent. The resulting housing market crash and the Great Recession led policymakers to overcorrect by tightening mortgage lending standards and limiting funds for new construction.

Lending 418
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
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 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
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.