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

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