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- Weighted FICO scores among Fannie and Freddie mortgages eased a bit in the second quarter of 2011.
- While low credit score mortgages remain a small portion of mortgages, less than one percent, the share of mortgages to high-credit borrowers has declined somewhat and brought down the weighted average credit score at both Fannie and Freddie.
- Average credit scores remain much higher than in the 2005 to 2008 period, but the reversal of the tightening trend given the quality of recent loan performance is a good sign for the housing market.
- In 2005, credit scores for Fannie and Freddie mortgages were near 720. In 2009 and 2010, credit scores averaged around 760. Further, nearly three quarters of the single-family business had credit scores above 740 in 2009 and 2010.
- Low credit mortgages, those below 620, dwindled to 1 percent or less in 2009 and 2010.
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