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Mortgage Lenders Still Shunning Subprime Borrowers

Mortgage Lenders Still Shunning Subprime Borrowers

August 13, 2015
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Just 8% of U.S. mortgage origination volume in the second quarter went to borrowers with subprime credit scores, according to new research by the New York Fed. The findings suggest that mortgage standards have loosened only slightly, if at all.

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