Mortgage Credit Tightens, Government Programs Drive Change

Home / Blog / Mortgage Credit Tightens, Government Programs Drive Change

Posted To: MND NewsWire

The availability of mortgage credit at least as measured by the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) pulled back in September, with the government component of the index falling to the lowest level in four years . The MCAI registered 182.1 at month's end, an 0.8 percent decline. An increase in the index indicates a loosening of credit, a lower number indicates standards have tightened . The components, representing different loan programs, largely offset each other, making substantial moves in both directions. The Conventional MCAI rose 1.2 percent and one of its components, the Jumbo Index increased by 2.7 percent. The Conforming MCAI, the second part of the Conventional Index, decreased by 0.7 percent and the Government MCAI lost 2.5 percent. "Credit...(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...

95f81397 bd1b 44ce a50b fbc387f1ec3a 4f480ce7 5d2d 4854 a842 590de4b86d20 5299cbb6 7786 458c 8618 47eff0063c3e 743d154a 42dd 4341 a045 64272d1286a2 1803eab4 2f54 47b7 b0a3 467d753b1134 c77e4628 1ec7 4ddb aa0d fc863265e6e0 9a84bce7 e738 4485 93d0 5c6b89edf082 0d842c72 1912 4c76 8f95 a04ad97fdf93 d254b9d1 e39c 47f7 83b0 7085ff96381c 0b7eac2b 8b57 49e9 9a1d 43dd18642c6a 3eb7bb2a e37a 4df8 a1fb 3c745c39be39 50523a43 58c9 4624 b1ac e93d6d43f40c 9ee0f8de a644 4611 9198 194d8f462f1a 5f20ea82 4bbc 4318 8ef3 d1707ef94665 09e3844c 5937 48a1 8dae fc3f37b2500e 5fa3ab1b 8cf4 4baf 8886 87a540a0dcbe 5f4f90f9 c567 4c59 b67b fe0c0b48733e fcd351f6 8692 4f67 ae78 5697a7c6a9d6 a9443a78 aff2 4ca1 b711 1bde71786b00 b4145fb1 4925 4cff b982 b505b1746204 25cf57e2 02e0 426d 8843 7b35e006ef37 f97bb329 5fd4 46b6 ac68 f91e3e8f9e40 8a3a9214 2696 4192 8d15 98f1a0293d26