Access to mortgage credit increased in February, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA). The MCAI rose by 1.1% to 107.1 in February. A decline in the MCAI indicates that lending standards are...
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
The credit scoring agencies Equifax (NYSE: EFX) and Experian are joining their competitor TransUnion (NYSE: TRU) in reducing their respective VantageScore 4.0 mortgage credit scores for 99 cents. Equifax said it will continue to offer free VantageScore 4.0 credit...
TransUnion (NYSE: TRU) has unveiled a 99 cents per mortgage origination score for VantageScore 4.0. TransUnion said the price reduction is designed to support the Federal Housing Finance Agency’s focus on increasing score competition in the mortgage market between...
The 30-year fixed-rate mortgage inched up to 6.00% as of March 5, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). Last week, it fell below the 6.00% mark for the first time since 2022, averaging 5.98%. A year ago at this time,...
Mortgage application activity enjoyed a vigorous upswing during the week ending Feb. 27, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 11% on a seasonally...
Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market
