home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Credit News | Bankruptcy Statistics | Credit Score Statistics
Credit scores, bureaus & technology. Bankruptcty activity. Credit-related lawsuits, announcements and coverage of F a i r Isaac, E q u i f a x, E x p e r i a n, F I C O, V a n t a g e Score & T r a n s Union.

States With Highest Credit Scores

Experian National Score Index

April 30, 2008

By MortgageDaily.com staff

Average credit scores were highest in the New England region of the country, though it was a Midwest state that had a higher score than any other. The lowest average score was in a state where everything is bigger.

The average U.S. consumer had a credit score of 693, according to the Experian National Score Index. The index is based on data collected from a representative sample of 3 million consumers' credit profiles.

Experian scores range from a low of 330 to a high of 830.

In New England, the average score was 712 -- higher than any other region. Other regions with high average scores included the West North Central, with an average score of 708; the Middle Atlantic, with an average of 703; and the East North Central, with a 699 average score.

At an average score of 671, the West South Central region was the lowest.

By state, Minnesota was highest, with an average Experian score of 722. South Dakota followed, with 719, then North Dakota, at 718. No. 4 was Massachusetts, with an average of 715, and No. 5 was Montana, at 715.

On the low end of the spectrum was Texas, with an average credit score of 668.

In an announcement today, Experian reported that the number of severely delinquent mortgages during February increased 15 percent from a year earlier. The credit repository noted the national average credit score for severely delinquent mortgage borrowers fell to 599 from 605 in February 2007.

Severely delinquent mortgages included charge-offs, short sales, foreclosures, repossession, collections, voluntary surrender and bankruptcy.

The average balance on severely delinquent mortgages was $131,699, the statement said.

In California, 12.4 percent of mortgages were severely delinquent -- the highest of any state. Florida followed, at 8.0 percent, then Texas, with 6.3 percent of mortgages being severely delinquent.

The national average credit score for current mortgage borrowers was 750, Experian said.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders