Post Crisis High for Mortgage Credit Availability

Credit conditions in the residential lending business are more lax now than they have been at any time since the financial crisis erupted.

The Mortgage Credit Availability Index, a standardized quantitative index that is focused on mortgage credit, was 167.0 in September.

Historical data indicate that the last time the index was this high was prior to June 2008, when the nation was descending into the financial crisis.

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From:: Financing