Sunday, 26 June 2022 | The Latest Buzz for the Appraisal Industry

April Figures Show a 3.2 Percent Drop in Mortgage Credit Availability, MBA Reports

Mortgage credit availability decreased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI fell by 3.2% to 121.1 in April. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to 100 in March 2012.

The Conventional MCAI increased 0.7%, while

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