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Tag Archives: Credit Access

Loan Denial Rates and Credit Scores

An analysis of HMDA data found that even though the rate of mortgages made to minorities is rebounding, the loan denial rates for this group remain high. Can alternative forms of credit scoring help them become homeowners?

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The Housing Market Crash: A Retrospective

credit scoring

The lingering effects of the Great Recession on borrowing is most evident in the mortgage sector, according to a new report looking at the effect of the financial crisis on consumer access to credit and the mortgage industry.

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Credit Access on the Incline

A record amount of Americans have access to credit through credit cards, auto loans, personal loans—and of course mortgages. See the breakdown here.

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Housing Still Affordable, Despite Pricing Upticks

Though prices are up and mortgage rates are rising, housing is still pretty affordable—at least by historical standards. According to new data, the beginning of 2017 saw steady credit access, rising borrower FICO scores, and a decline in refinance transactions. The average FICO score of a first-time GSE buyer in January was 739.7.

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