MBA: Mortgage Credit Availability Decreased in December

Mortgage credit availability decreased in December according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.

Quote: Jan. 10, 2024

“Credit availability declined in December to the lowest level since 2012, as ongoing industry consolidation is resulting in more loan programs being removed from the marketplace.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.