Mortgage Bankers Association economist Joel Kan to keynote Northern Colorado Real Estate Summit – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
Conforming Loan Standards Loosened in January Feb 9 2021, 10:18AM
Access to mortgage credit increased again in January. The
Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index
(MCAI) rose 2.0 percent to 124.6. A decline in the MCAI indicates that lending
standards are tightening, while increases in the index are indicative of
loosening credit.
The two components of the Conventional MCAI posted
significant increases. The Conforming MCAI jumped 7.7 percent and the Jumbo
component was up 2.2 percent, pushing the parent index up 4.8 percent compared
to December. This was slightly offset by an 0.1 percent decline in the
Government MCAI.
The growth in credit availability in January coincides with a
Mortgage Credit Availability Flat in December mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.