fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Conforming Loan Standards Loosened in January

Tuesday, February 9, 2021

Access to mortgage credit increased again in January. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose 2.0 percent to 124.6. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The two components of the Conventional MCAI posted significant increases. The Conforming MCAI jumped 7.7 percent and the Jumbo component was up 2.2 percent, pushing the parent index up 4.8 percent compared to December. This was slightly offset by an 0.1 percent decline in the Government MCAI.  

Read Full Article

Testimonial

"Josh and Eric were great to work with. As first time home buyers, it was no understatement to say we 'knew nothing' about anything involved with the home buying process. Josh was always a phone call away for all of our questions. At one point during the process Josh said to us, 'everything is taken care, just sit back and relax!' He was right! We got into our first home much easier and cheaper than we anticipated. We are very pleased with the entire process and would highly recommend using Josh and Eric when buying a home!"
Bryant & Tayli