Monday, 18 October 2021 | The Latest Buzz for the Appraisal Industry

July Report Indicates Mortgage Credit Availability Increase

The Mortgage Credit Availability Index (MCAI) shows that mortgage credit availability increased in July. The report from Mortgage Bankers Association (MBA) analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool.

The MCAI rose by 0.3% to 119.1 in July. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to 100 in March 2012.

The Conventional MCAI

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