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Lenders Loosen Mortgage Standards

Mortgage News > Lenders Loosen Mortgage Standards
Date: 03/14/2019    Lenders Loosen Mortgage Standards

Mortgages were slightly easier to get in February, according to data from the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index (MCAI) increased 0.6% to a reading of 180.1 in February, indicating mortgage underwriting standards were a little looser compared to January. Among loan types, jumbo loan mortgage credit availability increased the most as the jumbo index climbed 2.2%. That fits with a trend of rising mortgage balances and jumbo loan applications.

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