General World News

Mortgage credit availability increased in January: MBA

The availability of mortgage credit increased in January, according to a report issued by the Mortgage Bankers Association (MBA) based on data sourced from ICE Mortgage Technology.

The MBA’s Mortgage Credit Availability Index (MCAI) increased in January to 92.7, or by 0.7% over December’s figure, based on initial benchmarking of the index to 100 in 2012. Rising figures indicate that credit standards are loosening, while tightened conditions are occurring when the MCAI trends downward.

The MCAI for conventional loans increased by 1.3% while the index for government loans stayed flat compared to December, details ⇒

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