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MBA Index Shows Housing Finance Money Tightening

Trade group says data show lending standards are tightening.

By David Morrison | Updated on September 09, 2013

An index compiled by the Mortgage Bankers Association suggests lenders have begun to tighten standards for housing finance loans as they prepare to implement new qualified mortgage regulations.

The MBA’s Mortgage Credit Availability Index draws on data from the AllRegs Market Clarity product. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of a loosening of credit, the MBA said.

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