Mortgage lenders continued to ease underwriting standards in April, but only for borrowers who were refinancing. For both homebuyers and homeowners seeking to refinance, credit still remains tighter than before the pandemic, which helped pushed average FICO scores on closed loans up by nearly 20 points last year.
Source: Inman News
Mortgage lending standards ease for refinances
Published in FICO score, ICE Mortgage Technology, Markets & Economy, Mortgage, mortgage credit, mortgage rates, mortgage refinance and Select
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