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MBA Introduces Two Measures of Credit Availability

by devteam October 2nd, 2014 | Share

Along with its monthly report on mortgage creditrnavailability (MCAI) the Mortgage Bankers Association (MBA) has introduced twornnew measures, a conventional index and a government index.  The two are components of the MCAI.</p

The MCAI for October is unchanged from the previousrnmonth at 116.1.  MBA analyzes data from the AllRegs® Market Clarity® product tornderive the index which is benchmarked to 100 in March 2012.  A decline in its number indicates thatrnlending standards are tightening while a higher number shows a loosening ofrncredit.</p

The two components are constructed usingrnthe same methodology to show relative credit availability for convention loansrnand for FHA, VA, and USDA/RHS loans. rnUsing data from MCAI and MBA’s Weekly Mortgage Applications Survey MBArncalibrated the two indexes and benchmarked them to March 2012 as well. at arnTotal=100 benchmark.  Historical data forrnthe two components dates to 2011.</p

Each of the component indices moved onlyrnslightly from September to October; the Government MCAI decreased slightly andrnthe Conventional index increased but the movements in each case was less than 1rnpercentage point.

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About the Author

devteam

Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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