As mortgage refi boom dries up, lenders loosening requirements for homebuyers

LendingTree reports easing of down payment, credit score requirements
Published on Sep 25, 2013 | Updated on Jun 4, 2014

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by CareyBot

Online mortgage originator LendingTree’s monthly Credit Accessibility Report shows the average accessibility score for U.S. borrowers rose from 103 to 106 between July and August, indicating that borrowers had easier access to mortgage credit. The Credit Accessibility score is benchmarked ...