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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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