In mortgages, here we go again? Not quite

FICO-2BScore-2BCard-2BV12

By Joe Light | Bloomberg News

Homes over the past few months have sold at their quickest pace since 2007. But despite low mortgage rates and government efforts to expand mortgage access, borrowers with anything but strong credit scores are still relatively absent, according to a report released Monday.

Real-estate-data firm Black Knight Financial Services said that in August 21% of mortgages to buy homes–as opposed to refinances–went to borrowers with credit scores below 700. That was down from 24% in August 2014 and from 40% in August 2005.

Continued:

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

November 2015
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30