Mortgage Credit Availability Declines as Lending Standards Tighten

December 13, 2023 Demetria Lester

“Credit availability in November declined to its lowest level in four months, driven by reduced offerings of non-QM and jumbo loan programs,” said Joel Kan, MBA’s VP and Deputy Chief Economist. “The conforming and government indices were unchanged over the month but remained close to multi-year lows.”

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Mortgage Credit Availability Declines as Lending Standards Tighten

“Credit availability in November declined to its lowest level in four months, driven by reduced offerings o...