Scotsman Guide > News > September 2017 > News Story

 Enter your e-mail address and password below.

  •  
  •  

Forgot your password? New User? Register Now.

News Archives

 
Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Mortgage credit loosens in August


Mortgage credit eased slightly in August, the Mortgage Bankers Association (MBA) reported.

MBA’s mortgage credit availability index increased 0.7 percent to 180.2 in August. Of the four component indices, the conforming index (up 1.6 percent over the July level) saw the greatest easing; followed by conventional loans (up 1.5 percent); jumbo loans (up 1.4 percent); and government loans (up 0.1 percent).

Increases in the index suggest that credit is loosening. The index was benchmarked to 100 in March 2012, when credit conditions were especially tight.

"Mortgage credit availability increased slightly in August, driven by the expansion of credit among conforming and agency jumbo programs," said Lynn Fisher, MBA’s vice president of research and economics. "Following the same pattern as last month, agency eligible adjustable-rate mortgage loan programs continued to be updated in August to allow for higher loan-to-value ratios, effectively increasing the availability of credit."  


 

Questions? Contact at (425) 984-6017 or victorw@scotsmanguide.com.

Get the latest news and articles from Scotsman Guide straight to your inbox.


Send me the following e-mails:





Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact Circulation@ScotsmanGuide.com or call (800) 297-6061.


Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide Twitter page
 
 
 
 

 
 

© 2019 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy