The research firm Capital Economics are among the growing cadre of economists and industry forecasters that believe that the crisis is coming to an end. They cite one big factor, albeit an obvious one, and that’s loosening credit.
As economists are prone to do, they blow through the water cooler buzz and head straight for the numbers, so here they are. If you have a credit score of 700, you should be able to qualify for a loan. Sure, this is a higher number than may have been required five years ago, but it’s remained fairly flat over the last two years.
Phrased another way, the number, at least, is not rising. The Federal Reserve reported that credit score requirements in the fourth quarter of 2011 were about the same in previous two quarters of
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