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he average FICO score for mortgages closed in
December was 727, down 11 points from the 2013 average and 21 points lower than
the same time a year ago, mortgage industry software developer Ellie Mae
reports. Back-end debt-to-income ratio (39 percent) and average loan-to-value
ratio (82 percent) were at 2013 highs as mortgage lenders continued to ease
underwriting standards.
Source: Inman.com
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