Credit Availability Rises for Fifth Consecutive Month

Home / Blog / Credit Availability Rises for Fifth Consecutive Month

Posted To: MND NewsWire

Mortgage access increased in May for the fifth consecutive month. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose 1.9 percent to 189.5. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The MCAI has two component indices, the Government MCAI which measures the availability of loans backed by FHA, the VA, and the USDA, and the Conventional index which itself has components for both conforming and jumbo loans. The Government MCAI decreased 0.6 percent while the Conventional MCAI was up 4.4 percent driven by a 6.8 percent gain in jumbo lending. The Conforming MCAI rose 0.9 percent. " Credit supply increased 2 percent in May , driven by the fifth straight gain in...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

9889ddf1 dd96 44ce 97d1 56dd85519c34 cd59ff81 5195 4adb a218 fbdc82f6c3fe 0457fdc9 f425 422c 9cc2 306136f2fabb 2a2c358c a0d5 481e 9bbb 7ff3aed16741 f86b06e0 d016 4988 8d51 c6b146c209f4 becf5ea3 5e1d 4779 b46d 34f8f7da87d0 49cf2a49 29c6 4815 a41c d2e891af47e0 88bea8c0 6dce 4d85 9030 942d3482f093 f38c54ce be0f 456d b66d ef63497f47ec ac08197d f356 4bda b2d7 42854d955194 2d30eb42 334b 4c81 9e9d 47a325ef8ec1 d6e5d48f 3b4c 41d3 bb99 bc6002cd9eb9 41f2c1e1 4395 4d9c 9085 b56e4560e9f0 c0d8c13e 6299 4a5a 920c d8d9905bbf1f 5cc127aa 7cd6 4b81 bbb7 acc717335ecf a81b9a73 114a 404c 93d5 b91a6860d0e5 43e889b5 1b34 4e88 b7a3 86033391a2db 7284d23d 323b 4eba 870f 1ad440043954 cd004540 9123 446e 876d eb250370f3dc cc5f2a2c 7b08 4136 8617 0b6b747cd4c1 978ac86f e6de 4bd2 af0e ad0c7f1dcdf2 47c6aa01 6a30 4a17 abb5 51a18e2a62f0 53bc56f2 48f1 4b67 b96a 8e399c98b62e