Mortgage credit availability tightest since 2014

“Credit continues to tighten because of uncertainty still looming around the health of the job market, even as other data on loan applications and home sales show a sharp rebound,” said Joel Kan, the MBA’s associate vice president of economic and industry forecasting. “A further reduction in loan programs with low credit scores, high LTVs, and reduced documentation requirements also continued to drive the overall decline in credit availability.”

Read the full Scotsman Guide article here.