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Mortgage Credit Access Still Improving

Thursday, June 4, 2015

The availability of mortgage credit continued to rise in May the Mortgage Bankers Association (MBA) said today.  Its Mortgage Credit Availability Index (MCAI) rose 0.5 percent from April to May and stands at 122.6.  The index has increased by 4.8 points since the beginning of the year.

An increase in the index is an indication that credit is loosening while a decline means a tightening of lending standards.  MBA bases its index, benchmarked to 100 in March 2012, on information from its lender members and data from Ellie Mae's AllRegs® Market Clarity® business information tool.

 

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