NY Fed: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low
Calculated Risk
NOVEMBER 13, 2024
Look at the difference in credit scores in the recent period compared to the during the bubble years (2003 through 2006). Recently there have been almost no originations for borrowers with credit scores below 620, and few below 660. A significant majority of recent originations have been to borrowers with credit score above 760.
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