Credit tightness index: (March 2012-March 2014).

Position:NEWS ROOM - Mortgages - Brief article
 
FREE EXCERPT

CREDIT TIGHTNESS INDEX (March 2012-March 2014) MBA/AllRegs[R] Mortgage Credit Availability Index (MCAI) (Non-seasonally adjusted, 3/31/12 = 100) Mar-31-2012 100.00 Sep-30-2012 103.92 Mar-31-2013 108.01 Sep-30-2013 110.70 Mar-31-2014 114.0 NOTE: Credit availability tightened in September as more lenders removed program offerings with loan terms greater than 30 years and/or interest-only features, similar to the trend observed in August. This may reflect lenders' implementation of the ability-to- repay/Qualified Mortgage...

To continue reading

FREE SIGN UP