Mortgage Credit Availability Slightly Lower – NMP Skip to main content

Mortgage Credit Availability Slightly Lower

Aug 08, 2019
Photo credit: Getty Images/AndreyPopov

The mortgage credit availability declined slightly last month, according to the Mortgage Credit Availability Index (MCIA) report published by the Mortgage Bankers Association (MBA).
 
The MCAI dipped by a mild 0.4 percent in July to a 189.0 reading. The Conventional MCAI took a 0.1 percent uptick, while its Jumbo MCAI component was up 0.7 percent and its Conforming MCAI component dropped by 0.8 percent. The Government MCAI decreased by one percent.
 
"Credit availability in July decreased overall, driven by declines in the conforming and government indices," said Joel Kan, MBA associate vice president of economic and industry forecasting. "Conditions tightened some for borrowers with high loan-to-value ratios and lower credit scores. One outlier was the Jumbo Index, which increased to its highest level since the inception of this survey in 2012."
 
Kan also blamed the government index’s downward motion on investors pulling away from government high-balance and streamlined refinance products.
The mortgage credit availability declined slightly last month, according to the Mortgage Credit Availability Index (MCIA) report published by the Mortgage Bankers Association (MBA)

 
About the author
Published
Aug 08, 2019
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026