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Agency Conventional Credit Quality MTD July 18 2019

Agency Conventional Credit Quality MTD July 18 2019

Credit quality saw a subtle shift to higher quality, with the biggest volume shift in the high 700's FICO/60-80% LTV bucket, which is also the largest bucket overall.

The increase in the high FICO bands came largely from the 680-720 FICO group, with volume moving from the MI LTV bands to the 60-80% band, rounding out the shift to slightly higher quality in July vs. June.

Loans in the Mortgage Insurance band moved from 56.5% of volume to 54%, a 2.4% reduction in share.

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