Mortgage Money Was More Available in January
It was slightly easier to get a home mortgage loan in January, according to the latest data from the Mortgage Bankers Association, continuing the two-year trend of slowly loosening credit standards. The MBA’s Mortgage Credit Availability Index (MCAI) rose 1.8 percent last month to 117.8 percent. An increase in the index means lenders are relaxing their lending standards whereas a decrease in the index indicates the lending climate is becoming more exclusive. For reference, the index was benchmarked Read more [...]
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