The National Mortgage Risk Index (NMRI), created in November 2012, is a measure of housing market risk devised by the International Center on Housing Risk at the American Enterprise Institute (AEI). It is intended to determine the ability of the housing market to withstand stresses similar to the.
Last month, the risk index for home purchase loans hit a new series high of 11.89%, up from 11.50% in March. Of course, it should be noted that the index only dates back until August 2013, so yes, it all sounds a lot more dramatic than it probably is. Still, it has risen steadily since starting out at 10.61% back in August.
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Per Wall Street Journal staffer Ben Eisen: The Federal Housing Administration told lenders this month it would begin flagging more loans as high risk. fit higher-risk profiles and yet represent a.
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Mortgage credit access opened up slightly in May, according to a market report released Thursday. The Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI), a monthly.
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However, flattening purchase volumes may indicate that tight supply is limiting. mortgage risk jumped in January for Agency purchase loans with. The composite Purchase NMRI series set a new high, up 0.4 ppt. and. while FHA, GSE, and VA purchase indices all set new series' highs. Press (5382).
AEI’s Center on Housing Risk, which produces the monthly index, said the spike was "due to FHA, which had higher market share and increasing loan level risk." According to the researchers.
U.S. mortgage activity hits 2-month high as interest rates fall: mba. seasonally adjusted index on mortgage applications increased 1.6 percent to. tracks decreased by 8 basis points to 9 basis points from the week before. High-risk FHA loans push mortgage risk index up in May First Appraisal Network Services – Professional Appraisal.
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