The report found that the 4 million “missing” loans would have been originated had lending standards remained at 2001 norms. In 2013 alone, the missing loan number was 1.25 million according to the study.
Currently, loans to borrowers with FICO scores between 660 and 720 are down 37 percent. For scores lower than 660, loans are down 76 percent.
The study also reports that black and Hispanic borrowers, who tend to have lower scores, are being disproportionately shut out of the housing market.