Author name: Ricky Vasquez

Lenders aren’t extending their credit offerings this spring

Lenders are not changing their gameplans this spring as rising rates have stalled some early-year housing market momentum.  Processing Content The Mortgage Bankers Association said Tuesday its Mortgage Credit Availability Index rose by just 0.1% from April to 108.0 in May. While the increase indicates slightly loosening credit offerings by lenders, the index has remained […]

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Second-lien warehouse facility availability hits 2-year high

Warehouse lines that play an increasingly important role in the housing finance market are more available for some nontraditional loan types than others, the latest Mortgage Bankers Association survey shows. Processing Content The share of warehouse lenders offering second-lien facilities and/or sublimits has been the highest it has been since the group began its survey

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