twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

Cashouts Lead Uptick in Credit Availability

Credit availability index up in June

July 9, 2013

By Mortgage Daily staff

Cashout lending was one of the factors behind eased mortgage lending standards last month, continuing a trend started earlier this year. Lending has barely thawed, however, from pre-crisis levels.

The Mortgage Credit Availability Index indicated that lenders loosened their purse strings in June.

The index, formally launched last month, was 109.8 in June.

The MCAI nudged up from a month earlier, when it stood at 108.9 in the inaugural report.

The index has risen three out of the past four months.

A value of 100 correlates with a base month of March 2012.

"The increase to the MCAI was primarily driven by a small uptick in the number of products which offer a cashout feature," the report from the Mortgage Bankers Association and AllRegs stated. "There were also small increases in the number of jumbo, investor, and higher LTV offerings."

Credit-related factors collected from more than 85 mortgage lenders and investors are used to determine the index. Borrower eligibility factors -- including credit score, loan type and loan-to-value ratio -- are based on client-lenders' use of the AllRegs Market Clarity product.

The data is then run through a proprietary formula derived by MBA to come up with the MCAI.

The lending measure moved higher from June 2012, when it roughly came in at 103 based on previously reported data.

The latest data indicates that credit availability is at levels not seen since 2011, the year that the data begins.

The report said that the index would have been around 800 if data had been tracked in 2007.

An earlier story from Mortgage Daily indicated that lending standards are likely to become more and more flexible as seller-servicers look for opportunities to replace some of the business they'll lose from retreating refinance activity.

next story

back to current headlines

Credit News | Bankruptcy Statistics | Credit Score Statistics
Credit scores, bureaus & technology. Bankruptcty activity. Credit-related lawsuits, announcements and coverage of F a i r Isaac, E q u i f a x, E x p e r i a n, F I C O, V a n t a g e Score & T r a n s Union.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders