Mortgage credit eases as investors loosen requirements for FHA loans

MBA: Loan availability in May increased 1.14 percent from April
Published on Jun 5, 2014

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by CareyBot

Mortgage credit availability rose in May compared to the previous month as some investors lowered their credit score requirements for loans insured by the Federal Housing Administration, and financing for jumbo mortgages expanded slightly, the Mortgage Bankers Association reported. The ...