Credit Scores Archive

Green Shoots of Credit?

In recent weeks, several originators have announced new programs or initiatives aimed at expanding credit to borrowers with lower FICO scores.  These programs entail significant compensating factors or are geared toward niche markets.  Most indicators have not shown an...

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...