MBA: Mortgage Credit Availability Slides In April
News

MBA: Mortgage Credit Availability Slides In April

May 8, 2020
by
Navi Persaud

The Mortgage Bankers Association's latest Mortgage Credit Availability Index (MCAI) reported a 12.2% decrease in April 2020, with declining mortgage credit availability directly correlated to the recent tightening of lending standards. The conventional MCAI decreased 15.2% with the government MCAI falling by 9.5%. The Jumbo MCAI fell 22.6% and conforming MCAI followed with a 7.1% decrease.

Read more from the MCAI report.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com
MBA: Mortgage Credit Availability Slides In April
May 8, 2020 11:34 AM
by
Navi Persaud
News

The Mortgage Bankers Association's latest Mortgage Credit Availability Index (MCAI) reported a 12.2% decrease in April 2020, with declining mortgage credit availability directly correlated to the recent tightening of lending standards. The conventional MCAI decreased 15.2% with the government MCAI falling by 9.5%. The Jumbo MCAI fell 22.6% and conforming MCAI followed with a 7.1% decrease.

Read more from the MCAI report.

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