Loan Risk Index Rises to New High in Early April Data

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MORTGAGE AND REAL ESTATE NEWS  

Loan Risk Index Rises to New High in Early April Data 

By: Tory Barringer - An early look at April purchase lending suggests mortgage risk has turned up sharply as the Federal Housing Administration (FHA) takes more of the market.

The American Enterprise Institute (AEI) put out on Monday a "flash release" of its National Mortgage Risk Index (NMRI), a measure of the likelihood of purchase loan defaults under stressful economic conditions. The full index, which features a more complete look at data, is scheduled for release May >>Read More MReport 

FHA 99.50% Financing 

99.50% financing is available in California using a FHA 96.5% LTV first and 3% LTV secondary financing. Email for details This program is available in some other states. Check with local lenders.