Want a home loan these days? Increasingly, your credit needs to be almost perfect.
Mortgages continued to concentrate among the least risky U.S. households in the first quarter with almost 61 percent of new home loans going to borrowers with a credit risk score of 760 or above, according to a report published Wednesday by the New York Federal Reserve Bank. That's a record in a data series that goes back to 2003, when the share was around 30 percent.
