There was a very slight loosening in the types of mortgage credit being offered in December, the Mortgage Bankers Association says.

Its Mortgage Credit Availability Index, compiled with data from AllRegs Market Clarity product, increased 70 basis points during the month to 110.9. The fact that more credit is available, not less, is a sign that many investors previously made changes to their programs to deal with the qualified mortgage rule being implemented on Jan. 10.

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