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Credit Availability Rises for Jumbo, Low Credit Score Borrowers

The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose slightly in February. The Index, which measures any tightening or loosening of mortgage underwriting overall and by loan type, rose 0.6 percent to 180.1, indicating a relative easing of credit.  The index was benchmarked to 100 in March 2012. The Conventional MCAI increased...

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Facebook's cryptocurrency could be a $19 billion revenue opportunity, Barclays says

Facebook's cryptocurrency could be worth $19 billion?

  • Payments could help Facebook develop an entirely new revenue stream aside from advertising — something “sorely needed at this stage of the company’s narrative,” says Barclays internet analyst Ross Sandler.

  • Barclays see as much as $19 billion in additional revenue in its “upside case” for Facebook by 2021 if its cryptocurrency plans work out.

  • The social media giant is reportedly developing a cryptocurrency to use for peer-to-peer payments.

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Mortgage Rates Up 92 BPS From Year Ago

Over the past year, weekly fixed interest rates on single-family loans have soared 92 basis points. But little change was reported from last week, and more of the same is expected.On conventional loans utilized to finance a home purchase with amounts up to the conforming mortgage limit of $453,100, thirty-year... 

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Why Homebuyer Sentiment is Declining, Despite Stronger Economy

Fannie Mae's Home Purchase Sentiment Index (HPSI), a measure derived from the company's monthly National Housing Survey (NHS), was essentially unchanged in February, dipping 0.4 point from the January reading to 84.2.  The Index is down 1.5 percentage points compared to February 2018. Fannie Mae said the largest change among the six index components was... 

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