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Mortgage Credit Availability Decreases in May

June 3, 2016 8:43 pm

Mortgage credit availability decreased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool. The MCAI decreased 0.8 percent to 121.4 in May.  A decline in the MCAI indicates that lending standards are tightening, while […]

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