FHA/VA Mortgage Credit Availability Declines With Rate Increases (But Rising For Jumbos And Conventional)

The mortgage landscape has changed since Dodd-Frank Banking legislation and the rise in interest rates.

Government (aka, FHA and VA) mortgage credit availability has been declining since 2017 while jumbo and conventional (non-government insured) credit availability has been rising.


And yes, the US is back to housing bubble levels of nonbank share of mortgage originations.


There is little doubt that stagnant wage growth compared to home price growth is helping to skew the data.


Seems like old times.

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