Advanced Search

February 26, 2014

FHA Credit Scores Fell While DTI Increased

By John Bancroft

For Ginnie Mae mortgage-backed securities issued in January 2013, the average reported credit score was 701 and the average DTI ratio was 38.0. By December, the average FHA credit score was down to 680, while the average DTI ratio was up to 40.3.

Read the full article when you register for your FREE IMFnews account.

Free Registration

IMFnews articles are available only to registered users. Sign up to get free access to all IMFnews articles and the daily email alert.

Already Registered?

If you have an existing account with Inside Mortgage Finance, please login below.

Forgot your password?

Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results