Tag Archives: Mortgage Credit Availability Index

The MBA's Mortgage Credit Availability Index revealed that August's share of mortgage credit availability was on the upswing after a decrease in July, which resulted in the lowest level of credit availability recorded since 2013.

“Mortgage credit availability declined to its lowest level since 2013, as lenders pulled back on underutilized loan programs and as liquidity concerns remain for some jumbo lenders,” said Joel Kan, MBA’s VP and Deputy Chief Economist. "Declining origination volumes have led to lower profitability for many lenders, resulting in narrower loan product offerings to reduce operational costs.

“Mortgage credit availability was essentially unchanged in June, remaining close to the lowest level since early 2013, as the industry continues to operate at reduced capacity,” said Joel Kan, Mortgage Bankers Association VP and Deputy Chief Economist.

“Credit availability fell last month to the lowest level since May 2013, as lenders streamlined their loan offerings in this declining volume environment,” said Joel Kan, MBA’s Associate VP of Economic and Industry Forecasting.

Mortgage credit is up month-over-month thanks to more investors getting into the market and an increase in conventional offerings, according to a report released Thursday.

Mortgage credit availability decreased last month, but will it prove a hiccup in the general upward trend of recent months?

Mortgage credit availability rose in July, mostly due to higher-balance loan programs, according to the Mortgage Bankers Association's Mortgage Credit Availability Index,

For May, mortgage credit availability experienced an increase, according to the Mortgage Bankers Association (MBA) Mortgage Credit Availability Index (MCAI), a report that analyzes data from Ellie Mae's AllRegs Market Clarity business information tool. According to the index, the MCAI increased 0.5 percent to 122.6 in May.