Mortgage Credit

Mortgage credit availability decreased in August according 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.

Mortgage credit availability increased in July according 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. Starting this month, MBA has updated its methodology to better measure credit availability and has released a new historical series based on this updated methodology. As part of this change the Conforming and Jumbo MCAIs have been updated to only include conventional, non-government loan programs