Think Tank Concludes Mortgage Guidelines Could Safely be Twice as Risky

Mortgage News Daily, Nov. 3 2020–Jann Swanson
The Urban Institute’s housing credit availability index for the second quarter shows a slight dip from an adjusted 5.3 percent in the first quarter to 5.2 percent in the second quarter. Tightening in the GSE and government channels has driven a retraction of credit availability through the first half of 2020, as the risk in the portfolio and private-label securitization market remains a shadow of what it once was.