Mortgage Credit Eases for Sixth Straight Month
While still nowhere near the uber-lax standards of the housing bubble days, mortgage lenders have loosened their loan requirements over the past six months, according to the Mortgage Bankers Association, a welcome sign for borrowers across the country. The MBA’ Mortgage Credit Availability Index (MCAI) posted a 0.5 percent increase in May to a reading of 122.6. The index has made steady upward progress since last November when it dipped to 110.2. May’s upward tick was influenced by two factors Read more [...]
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