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Low Down Payment Loans Increase Credit Access Measure
Thursday, November 5, 2015
An increase in conforming loan program offerings helped
boost the Mortgage Bankers Association's (MBA's) measure of credit access in
October. MBA's Mortgage Credit
Availability Index (MCAI) increased 1.5 percent to 128.4.
The index is based on data from Ellie Mae's AllRegs® Market Clarity®
business information tool. A decline in the MCAI indicates that lending
standards are tightening while increases are a sign that credit is easing.
four component indices also rose during the month with the Conforming MCAI
seeing the greatest increase, up 2.7 percent. The Government component rose 1.9 percent,
while the Conventional and Jumbo MCAIs were up 0.8 and 0.5 percent
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