The Mortgage Bankers Association (MBA) has recently released theMortgage Credit Availability Index report (MCAI) which is a report that analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. According to the report, the mortgage credit availability have increased 2.9% in July, where the index was benchmarked to 100 in March 2012.
A decline in the MCAI indicates that lending standards are tightening, while increase in the index indicates loosening of credit. Of the four component indices, the Conventional MCAI saw the greatest loosening which is up by 5.2% over the month, followed by the Jumbo MCAI which is up by 4.7%, next is the Government MCAI which up by 0.9%, and lastly, the Conforming MCAI which is up by 0.4%.
Mike Fratantoni, MBA’s Chief Economist said, “Credit availability increased in July, mainly driven by higher-balance loan programs.” He also stated that, “Many investors are fine-tuning their cash-out refinance requirements to meet increasing borrower demand for home equity financing. Some investors increased the availability of low down payment loans.”
We don’t follow the rules, we create them. We are leaders. We value personal and professional growth. We accept challenges, set goals, and exceed them. We refuse to stay in mediocrity and instead choose to live purposeful lives without limits. We work hard, and we play even harder. We are the real estate team of the future.
The Adam Hergenrother Team’s vision is to change the way you live and play. We are currently searching for an Executive Assistant to add to our growing team. This position is not for everyone. Only those individuals who are learning-based and growth-minded, willing to face challenges head on, and are comfortable with doing whatever it takes to get the job done, need apply.
In addition to administrative assistant duties, this person will be responsible for database management, creating marketing materials and marketing campaigns, client care, creating systems & processes, property management, and ensuring the team runs smoothly. If you’ve excelled as an assistant in a previous position but are looking, we want to hear from you. You must be able to juggle multiple projects, work effectively in a fast-paced environment, with the ability to set priorities, meet deadlines, and work independently.
You might be the ideal candidate if:
- You have strong organizational, administrative, marketing, and time management skills and are capable of providing support to a busy real estate team.
- You have a strong desire to work in a dynamic environment, and consider yourself to be an upbeat & learning based individual.
- You have an interest in and/or passion for real estate.
We’re looking for someone who is intelligent, a clear communicator, and ambitious; someone with a strong interest in real estate in an administrative, “executive support” capacity since you would be dealing in those areas all day. You must know your way around the Microsoft Office Suite, be familiar with email marketing systems, and be technologically and social media savvy.
To apply, please send your cover letter and resume to Hallie Warner at firstname.lastname@example.org. Please put Hergenrother Team EA in the subject line.