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March 1, 2018

Purchase-Mortgage Lending Turns in its Best Year Since 2006

By John Bancroft

An estimated $1.148 trillion of home-purchase mortgages were originated in 2017, a 10.7 percent increase from the prior year.

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Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.
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