Due to Low Refinance Applications Mortgage Credit Availability Dips by 0.9%

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In: Refinance News

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The availability of mortgage loans has been declining for three consecutive months, largely due to a decline in refinancing loans, according to the monthly mortgage availability index (MCAI), which fell by 0.9% to 120%. May, the lowest level since JulyContinue Reading

Lenders Lower Their Credit Offerings

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In: New Home Mortgage News

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According to the Mortgage Bankers Association in the month of November, more lenders reduced their credit offerings. The Mortgage Credit Availability Index of MBA slipped 0.6% in November, suggesting that lending standards tightened at that time. In March 2012 theContinue Reading

Change In GSE Policy Leads To Difficult Hoops In Mortgage Standard

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In: New Home Mortgage News

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Mortgage credit availability has hit a 10-month low, which ended more than half a year of credit supply gains. Last weekend, the Mortgage Bankers Association reported a fall in its Mortgage Credit Availability Index (MCAI) by 8.5% to 118.8 inContinue Reading

Last Month Indicated An Increase In Mortgage Credit Availability

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In: Mortgage News

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Last updated on April 4th, 2022 at 08:42 amAccording to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool said that the MortgageContinue Reading

Mortgage Credit Availability Index dipped in June like in May

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In: Mortgage News

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Last updated on February 2nd, 2021 at 05:48 pmMortgage Credit Availability Index (MCAI) by the Mortgage Bankers Association, is an index using data from Ellie Mae’s AllRegs Market Clarity business information tool.  According to their data Mortgage credit availability in JuneContinue Reading