Brind.

Mortgage Credit Availability Index Remains Tight Amid Purchase Storm Forecast

Steady: 1 in the last 7 days Updated tuesday

The latest in this situation

  1. Reports meet eligibility requirements for Fannie Mae and Freddie Mac, with Floify Verify powered by Argyle.
  2. CMBS debt offers lower costs than loans backed by Fannie Mae and Freddie Mac.

How it started

3 reports, 1 independent, last reported May 20. The briefing below covers this first event.

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The Mortgage Bankers Association reported that mortgage credit is currently the tightest it has been in over six years. The group's Mortgage Credit Availability Index remained unchanged at 124.6 last month. Lenders are reportedly preparing for a potential 'purchase storm' as they anticipate a revitalized economy.

From housingwire

Why it matters

Some supportBrind's analysis of the reports

The index reflects the availability of credit in the housing sector, which is a key indicator for the broader economy. The anticipation of a purchase storm suggests potential shifts in housing demand and lending volume.

From housingwire

Who's involved

  • Fannie MaeGovernment-backed financial services company involved in the conventional mortgage market.
  • Freddie MacAmerican government-sponsored enterprise involved in the conventional mortgage market.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Fannie MaeSpeculative

    Lenders might see changes in sales and demand as the market prepares for a potential purchase storm.

  • Freddie MacSpeculative

    The availability of credit could affect the volume of housing finance contracts.

How it developed

Newest first. Tap a step to see who reported it.
  1. Reports meet eligibility requirements for Fannie Mae and Freddie Mac, with Floify Verify powered by Argyle.Sub-event
  2. CMBS debt offers lower costs than loans backed by Fannie Mae and Freddie Mac.Sub-event
  3. FICO 10T showed high predictive power, and Freddie Mac began accepting VantageScore originations following a Milliman default study.Sub-event
  4. Tracking of mortgage credit availability involving Fannie Mae and Freddie Mac.1 source
  5. Impairment charges for investments in Fannie Mae and Freddie Mac reported; expert commentary on credit cycle challenges.1 source

Keep exploring

The entities involved

Related events

Coverage

Newest first; wire copies grouped
  • housingwireMortgage credit, and the coming purchase storm
  • housingwireWells Fargo's Net Earnings Down 25 Percent for Q3: Report
  • housingwireLiked 2019’s mortgage rates? 2020 will be lower