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Mortgage Lenders Increase Credit By 1.5% in May

Mortgage News > Mortgage Lenders Increase Credit By 1.5% in May
Date: 06/12/2018    Mortgage Lenders Increase Credit By 1.5% in May

U.S. mortgage lenders increased credit availability to borrowers by 1.5% in May to the highest level in three months, according to an index from the Mortgage Bankers Association. The boost was led by a 2% rise in conventional mortgage credit. Government mortgage credit also increased 1%.

Investors poured more money into jumbo loans and high balance conforming loans stocks, allowing banks to provide more capital for American home loans. 

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