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Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score? ↗
The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow. ↗
Now, if you are like me - if you are like practically anybody in America - then you probably hold some negative opinions about the French, based upon movies, rumors, recent headlines, unfortunate run-ins with Parisian waiters, or... you know... all that unpleasantness surrounding the Vichy regime. ↗
