The availability of jumbo mortgage loans increased in July, but not enough to offset tightening in credit access for other types of loans.  The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) dipped 0.4 percent compared to June to a reading of 189.0.  A decline in the MCAI, which was benchmarked to 100 in March 2012, indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. Two major component indices and two sub-indices make up the MCAI. The Government Index declined 1.0 percent month over month and the Conventional Index eked out a 0.1 percent gain. 

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