A percentage of subprime borrowers are actually prime or near-prime

• August 7th, 2012
• Posted in Mortgage

Tweet Some borrowers who are deemed subprime by traditional credit scoring criteria are actually quite creditworthy and are identified as prime or near-prime consumers when using the more inclusive VantageScore®. Based on a VantageScore Solutions’ study of infrequent users of credit, 15.5 percent were found to have either prime or super-prime risk. In addition, among [...][ READ MORE ]