First-time and low-income mortgage borrowers may have an easier time qualifying for a Federal Housing Administration 
loan. Ginnie Mae, a government agency that issues bonds backed by FHA loans, reports that the average credit score on FHA-backed loans fell to 680 in 2013, and the average debt-to-income ratio rose to 40.3 percent — both indicators that credit may be easing. Since last month, Wells Fargo reportedly has been qualifying FHA borrowers with credit scores as low as 600. Learn more
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