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Tag Archives: Total Mortgage Credit Availability Index

Credit Availability at Lowest Level Since 2013

“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.

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Tight Lending Standards Cause Credit Availability Index to Drop

The Total Mortgage Credit Availability Index (MCAI) decreased in June, indicating that lending standards are tightening, according to a release from the Mortgage Bankers Association on Tuesday. The Total MCAI, which was benchmarked to 100 in March 2012, declined by 0.5 percent in June down to 122.

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