Despite efforts to expand mortgage access from Fannie Mae, Freddie Mac, the FHFA, and the Obama administration, little evidence shows borrowers with weaker credit are making a comeback.
Wall Street Journal reporter Joe Light writes that Freddie and Fannie reported a higher weighted average credit score of loans that they back, a climb to 751 from 744 in 2014.
“Some lenders are still afraid of getting sued or of taking another hit to their reputations,” he writes. In addition, analysts also say many borrowers with mortgage-eligible but poor credit don’t know they could qualify.
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