HOUSING HEALTH

<1 PERCENT

of mortgage loans made between 2011 and 2015 have defaulted

12–14 PERCENT

of mortgages originated in 2006 and 2007 defaulted within 10 years

711

Average FICO score of first-time homebuyers

$220,812

Average mortgage loan for first-time homebuyers

$25.8 TRILLION

Size of U.S. housing market, including household debt and equity Sources: Urban Institute; Ginnie Mae