Tagged: Mortgage Credit Availability

The Mortgage Credit Availability Index increased, indicating loosening credit.

Higher rates and the worsening outlook for the housing market and economy cited for decline.

Fell to the lowest level since March 2013, following seven straight months of tightening credit.

Drop driven by lenders streamlining offerings; jumbo credit drops 13.4%.

The 0.3% decrease indicates that lending standards are constricting.

Credit availability continued to tighten in May, according to data from the Mortgage Credit Availability Index.

Second monthly drop driven by drop in government loan credit availability.