MBA: Mortgage credit once again loosens in December

mortgage credit certificate

Lately, there has been an upward trend in the amount of credit available to mortgage applicants. This is a continuation of the increase that has been seen throughout the year so far. Meanwhile, lending standards have seemed to have tightened. The increased availability of credit has been attributed to jumbo loan programs and loan programs for those with lower credit scores and low down payments.

MBA: Mortgage credit once again loosens in December