High-LTV Programs Lift Mortgage Availability in December

By Tory Barringer

The Mortgage Bankers Association (MBA) reported Thursday that its Mortgage Credit Availability Index (MCAI) edged up to a reading of 115.7 in December. The clear driver behind the increase was an announcement earlier in the month that both Fannie Mae and Freddie Mac are launching new 97 percent loan-to-value (LTV) mortgage programs for qualifying homebuyers, said Mike Fratantoni, MBA’s chief economist.

The post High-LTV Programs Lift Mortgage Availability in December appeared first on theMReport.com.

Via:: High-LTV Programs Lift Mortgage Availability in December

      

Comments

About MReport

MReport

Check Also

The Richest Appraiser in Babylon

If you’ve not read “The Richest Man In Babylon” by George S. Clason, stop reading …