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Tag Archives: fico scores

More Borrowers Opt for Refis

Refinance loans saw more closings than any other mortgage loan in January, with refis representing 45 percent of all closed loans, according to the monthly Origination Insight Report ...

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Borrower FICO Scores Hit 8-year Low

According to a new report, the average FICO score of an American mortgage borrower has hit its lowest point since 2008. Currently, the average borrower has a FICO score of just 729. Broken down by lender type, borrowers of bank-originated loans have an average FICO score of 743, while borrowers of independent, non-bank loans have an average score of 719.

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