The distribution of credit scores in these purchase origination data tells the same story in a different way: The median credit score on these originations rose from 730 in 2007 to 770 in 2013, whereas scores for mortgages at the 10th percentile rose from 640 to 690 (figure 7).
Many borrowers who have faced difficulty in obtaining prime mortgages have turned to mortgages insured or guaranteed by the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA), or the Rural Housing Service (RHS).