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Credit Availability Rises for Jumbo, Low Credit Score Borrowers

The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose slightly in February. The Index, which measures any tightening or loosening of mortgage underwriting overall and by loan type, rose 0.6 percent to 180.1, indicating a relative easing of credit.  The index was benchmarked to 100 in March 2012. The Conventional MCAI increased...

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