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.
Tag: MCAI
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 Down in May
Mortgage credit availability fell in May, the Mortgage Bankers Association reported Tuesday.
May Mortgage Credit Availability
Mortgage credit availability to come.
July Mortgage Credit Availability Increases Slightly
Mortgage credit availability increased slightly in July after a big drop in June, the Mortgage Bankers Association reported Thursday.
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.
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“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.
Christopher Bennett: 2020’s Unprecedented Growth Requires Counterintuitive Thinking
As COVID-19 continues to affect the mortgage industry, lenders are realizing that conducting business as usual may not be possible or plausible. For a lender’s growth to reach new and different heights in 2020, new and different business practices, such as working with a hedge advisory firm, are required.