These are the underlying data to the Urban Institute’s Housing Finance Policy Center’s Housing Credit Availability Index. HCAI feature page figures. The HCAI measures the percentage of owner-occupied home purchase loans that are likely to default—that is, go unpaid for more than 90 days past their due date. A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing tighter lending standards, making it harder to get a loan. A higher HCAI indicates that lenders are willing to tolerate defaults and are taking more risks, making it easier to get a loan.
Data and Resources
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Urban Institute. 2022. Housing Credit Availability Index (HCAI). Accessible from https://datacatalog.urban.org/dataset/housing-credit-availability-index-.... Data originally sourced from [eMBS, BlackKnight, HMDA, IMF, and Urban Institute] developed at the Urban Institute, and made available under the ODC-BY 1.0 Attribution License.