The Mortgage Bankers Association (MBA) reported on Friday, that in January, mortgage credit availability decreased 0.4 percent to 123.8 as lending standards are getting tighter.

The MBA said the decline was mainly due to some FHA and conventional offerings as compared to the previous month. These declines in the MCAI were only partially offset by loosening among adjustable rate mortgage (ARM) and jumbo lending programs,” said Lynn Fisher, MBA’s Vice President of Research and Economics.

The data is based on the MBA’s Mortgage Credit Availability Index (MCAI). The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit.

Total Mortgage Credit Availability Index

Loansafe - Data Mortgage Credit January 2016

Conventional Mortgage Credit Availability Index

Loansafe - Data Mortgage Credit January 2016 conventional

Government Mortgage Credit Availability Index

Loansafe - Data Mortgage Credit January 2016 government

Conforming Mortgage Credit Availability Index

Loansafe - Data Mortgage Credit January 2016 conforming

Jumbo Mortgage Credit Availability Index

Loansafe - Data Mortgage Credit January 2016 Jumbo

Historical Mortgage Credit Availability

Loansafe - Data Mortgage Credit January 2016 credit availability

Source: Mortgage Bankers Association; Powered by Ellie Mae’s AllRegs® Market Clarity®

Erik Sandstrom
LoanSafe's Mortgage Expert
I'm a Senior Loan Officer and LoanSafe mortgage expert. If you need a live rate quote, or need help getting a new mortgage, please call me direct anytime at 619-379-8999.