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Higher scores and improved consumer behavior are fueling a stronger credit market, Experian found in its seventh annual State of Credit study. The average credit score nationwide rose four points from last year to 673 points, Experian reported Wednesday. That score is now just six points off the average of 679 set in 2007 prior… Read more »
The Federal Housing Finance Agency’s choice to raise conforming loan limits in 2016 for the first time in a decade is being met with enthusiasm from the mortgage industry, as it should prove to be a positive for future origination volume. The agency said Wednesday that it would increase the maximum baseline conforming loan limit… Read more »