Mortgage Credit Availability Decreased in July

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

Mortgage Credit Availability Decreased in July

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

Mortgage Credit Availability Increased in June

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

MBA Chart of the Week June 20, 2023: Mortgage Credit Availability Index

According to data from MBA’s May 2023 Mortgage Credit Availability Index (MCAI), we saw the third consecutive month of declining credit availability, as the industry continued to see more consolidation and reduced capacity as a result of the tougher market.

Mortgage Credit Availability Decreased in August

Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index, a Mortgage Bankers Association report that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.

Mortgage Credit Availability Increased in July

Mortgage credit availability increased in July according to the Mortgage Credit Availability Index, a Mortgage Bankers Association report that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.

Quote

“Credit availability rose slightly in July–the first increase in eight months–as the supply of certain types of adjustable-rate mortgages and jumbo loans increased. The improvement was more of a leveling off from the precipitous drop earlier this spring.”–MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.