Mortgage Credit Availability Declines
National Mortgage Professional, Sept. 12, 2019–Phil Hall
The MBA Mortgage Credit Availability Index (MCAI) dropped by 3.9 percent to 181.7 in August. The Conventional MCAI decreased 3.6 percent, and its component indices also fell: the Jumbo MCAI was 3.2 percent lower and the Conforming MCAI was 4.3 percent lower. The Government MCAI took a 4.1 percent slide.
