MBA: Jumbo loans drive mortgage credit availability

According to the recent Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA), credit availability increased in March led by a swell in jumbo mortgage loans as well as an uptick in government loans. The MCAI rose 3.2% to 183.4 in March, implicating a loosening of credit.

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The report showed that the availability of jumbo mortgage credit increased for the sixth straight month, rising to its highest level since 2011.. MBA: Jumbo loans drive mortgage credit.

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Borrowers may have found it somewhat more difficult to get a jumbo loan last month, according to the latest data from the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability.

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Credit availability for conventional loans increased 1.9%. credit availability for government loans fell 1.4%. Of the component indices of the conventional MCAI, credit availability for jumbo loans increased 4.4% while availability for conforming loans fell by 0.9%.

Mortgage lending standards loosened in March, as a swell in jumbo credit helped drive an expansion in availability for the third straight month, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index increased to 182.1 after ending 2018 with a drop off at 175. It also marks a 4.2 point rise year-over-year.

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The Mortgage Bankers Association’s (MBA)Mortgage Credit Availability Index (MCAI), a monthly gauge of credit access based on metrics and underwriting criteria from more than 85 lenders, increased.

An increase in jumbo loans increased mortgage credit availability in May, a recent Mortgage Bankers Association report shows. The Mortgage Credit Availability index (mcai) increased 1.14% from 113.8 in April to 115.1 in May. The increase reflects a loosening of credit. Mortgage-credit availability is the most it has been in more than three years, data show.

According to the Mortgage. Jumbo MCAI (up 4.7 percent), the Government MCAI (up 0.9 percent), and the Conforming MCAI (up 0.4 percent). "Credit availability increased in July, mainly driven by.