Mortgages Hard to Get for Less-Than-Perfect U.S. Borrower: Chart

Mortgage borrowers with pristine credit comprise a growing share of home loan originations. Lending to borrowers with a credit score of 760 or above accounted for 58.1 percent of originations in the first quarter of 2016. That’s up from just 24.1 percent in the same quarter of 2006. Loans made to borrowers with credit scores below 760 have meanwhile reversed course from 75.9 percent of originations ten years ago to 41.9 percent last quarter. Bad mortgages were at the epicenter of the financial crisis in 2008-2009 and lenders continue to shy away from riskier borrowers.

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