Mortgage Credit Availability Decreased In June
Mortgage credit availability decreased in June according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
The MCAI fell by 2.0 percent to 105.8 in June. 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 decreased 0.1 percent, while the Government MCAI decreased by 4.6 percent. Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 0.6 percent, and the Conforming MCAI fell by 2.2 percent.
“Mortgage credit availability decreased in June to its lowest level since December 2025,” said Joel Kan, CMB, MBA’s Vice President and Deputy Chief Economist. “A contraction in government loan programs accounted for a significant share of the June decrease, as lenders pulled back on FHA and VA streamline refinance loan programs, particularly those for high LTV and low credit score borrowers. The jumbo index increased slightly, supported by new non-QM programs, which is consistent with other market data showing a larger non-QM share of originations.”
The MCAI fell by 2.0 percent to 105.8 in June. The Conventional MCAI decreased 0.1 percent, while the Government MCAI decreased by 4.6 percent. Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 0.6 percent, and the Conforming MCAI fell by 2.2 percent.
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