Providing Standards Are Not Like They Were Leading Up to the Crash

Here & rsquo; s a look at the data to assist prove it. It works like this: When providing standards are less stringent, it & rsquo; s much easier to get a home mortgage, and the index (the green line in the chart)is higher. In 2004, the index was around 400. Here & rsquo; s a look at the information to help prove it. According to their site: & ldquo; The MCAI supplies the only standardized quantitative index that is exclusively focused on home loan credit. It works like this: When providing standards are less strict, it & rsquo; s easier to get a home loan, and the index (the green line in the graph)is greater. In 2004, the index was around 400. & rdquo; The tall peak in the graph above shows that leading up to the housing crisis, it was much simpler to get credit, and the requirements for getting a loan were far from rigorous.