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January

28

2019

Wealth building: Why ONE Mortgage lowered credit scores

In looking for ways to increase homeownership opportunities for people of color, MHP looked at credit scores, debt-to-income and loan-to-value requirements. All were tightened during the recession and this decreased opportunity for people of color as the economy improved. To counteract this, MHP looked at 5,000 existing loans and found there would be minimal risk in lowering credit scores for ONE Mortgage.