Low-FICO Borrowers Take Bigger Share of Mortgage Volume

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Borrowers with lower credit scores accounted for a greater share of loan volume in December 2014 than they did in December 2012, according to data from a sample of mortgages processed by the Ellie Mae loan origination system.

The segment that experienced the biggest increase was borrowers with FICO scores between 621 and 659. The share of volume for borrowers with scores between 700 and 749, as well as the segment with scores below 620, remained relatively unchanged.

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