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Wednesday, November 04, 2015

In Mortgages, Here We Go Again? Not Quite

http://blogs.wsj.com/economics/2015/11/02/in-mortgages-here-we-go-again-not-quite/?mod=trending_now_3

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. The lack of activity from lower-credit borrowers presents a puzzle for federal regulators and mortgage lenders, which have worked for nearly two years to ease mortgage access. It also shows the weak base underpinning today's housing market.''

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