Credit Scores Archive

Current Confidence Index for Single-Family Homes Steady

The majority of REALTORS® continued to report rising home prices and improving days on the market.  However, REALTORS®   reported that  the market remains hampered by a “demanding and rigid loan qualification process”  that  has made mortgage underwriting  “a nightmare” ...

FICO Scores and Mortgages

A number of Realtors® responding to the Realtors® Confidence Index March Survey indicated continued tight credit conditions:  in a number of cases prospective home buyers had difficulty in qualifying for a loan.  A comparison of FICO scores for loan...

Past the Peak? Fannie and Freddie FICO Scores are Still High but Have Moved Lower

Weighted FICO scores among Fannie and Freddie mortgages eased a bit in the second quarter of 2011. While low credit score mortgages remain a small portion of mortgages, less than one percent, the share of mortgages to high-credit borrowers...

Credit Scores in the U.S.

What is a credit score?  A credit score is meant to reflect a consumer’s risk of not paying money that is borrowed. The chart above shows average (yellow) and median (green) credit scores over time.  It also shows the...

Past the Peak? FHA FICO Scores are Still High but Show a Slight Decline

Composite FICO scores among FHA mortgage endorsements have begun to ease from peak levels in the early part of 2011. The average purchase FICO is down to 697 from 703 while the average refinance FICO is down to 695...