Browsing Tag:Credit

us-mortgage-credit-score-provide-boosted-by-non-qm-jumbo-loans
Mortgage loan availability rose for the third straight month in September as lenders launched more non-QM jumbo loan products, according to the Mortgage Bankers Association.MBA's Mortgage Credit Availability Index (MCAI) rose 1.5% to 125.6 in September, suggesting lending standards are easing. Joel Kan, AVP of Economic and Industry Forecasting at MBA, noted that loan availability remained below pre-pandemic...
Continue reading
0 Comments
Share
refi-and-jumbo-loans-assist-enhance-mortgage-credit-score-availability
Kan also noted the rapid growth in the non-QM market share over the past few months. "Jumbo loan availability increased 9% to its highest level since March 2020 as more non-QM jumbo and agency-eligible high-balance loan programs became available," he said.Continue reading: Trailblazer for non-QM loansThe Jumbo MCAI rose 9.4% in August, along with the conforming index, which...
Continue reading
0 Comments
Share