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Mortgage credit availability increased in May: MBA

Mortgage credit availability saw a slight increase in May, according to an analysis of ICE Mortgage Technology data by the Mortgage Bankers Association (MBA).

The Mortgage Credit Availability Index (MCAI) rose by 0.1% to 94.1 in May. The index was initially benchmarked to 100 in 2012. The MCAI measures how tight or loose lending standards are in any given month. A reduction in the MCAI indicates a tightening of lending standards, while increases indicate the loosening of credit.

“The Conventional MCAI increased 0.3 percent, while the Government MCAI decreased by details ⇒

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