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Conventional, Jumbo Loan Availability Accelerating

Thursday, August 6, 2015

Credit availability increased in July, resuming an almost continuous rise that started last fall.  The Mortgage Bankers Association said its Mortgage Credit Access Index (MCAI) rose 3.5 points or 2.9 percent from June to 125.5.  The index had risen every month since last October but suffered a slight setback in June, declining by 0.6 points. The Index is nearly 10 points higher than at the beginning of this year.

A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of a loosening of credit. The index was benchmarked to 100 in March 2012.


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Linden was very professional, knowledgeable, efficient, patient and personable. All of these qualities played an important part of processing and closing the loan. Linden was great through the whole process of working with me, to working with the real estate company, and other offices involved. I know the seller’s real estate agent was rude and hard to work with at times. It was unfortunate that Linden had to deal with it but he handled the situation professionally. Also, I was gone 95% of the time traveling for work while buying the home. Linden was great about working with me while I was away and helped keep things moving and organized. It was greatly appreciated.
Victoris S.