Mortgage credit availability rose by 1.1% to 107.1 in February, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.

A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

The index was benchmarked to 100 in March 2012.

The Conventional MCAI increased 2.7%, while the Government MCAI, which includes Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and U.S. Department of Agriculture (USDA) programs, decreased by 0.8%.

Of the component indices of the Conventional MCAI, the Jumbo details ⇒

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