Credit standards loosen with uptick in cash-out refis and Non-QM loans, MBA reports
A recent surge in Non-QM borrowing and cash-out refinances has propelled a rise in mortgage credit availability heading into the fall. The Mortgage Bankers Association (MBA) updated its Mortgage Credit Availability Index (MCAI) for August to show a monthly increase of 0.9...
GSE appoints 40-year housing finance veteran to lead the agency
Industry veteran Diana Reid has been appointed CEO by the government-sponsored enterprise’s (GSE) Board of Directors, to replace interim CEO Michael Hutchins, who will remain President of Freddie Mac. Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson said ...
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