The Credit Box, where it is and where it's been in the past.

Average credit scores of borrowers have increased from roughly 690 in 2001 to almost 750 in 2015.

CoreLogic economics analyst Archana Pradhan takes the pulse of the latest CoreLogic Housing Credit Index, which measures variations in credit availability over time. Pradhan notes that while the credit risk attributes of borrowers have varied dramatically over the past 15 years, lenders' response to the foreclosure crisis and severe recession was to limit credit accessibility far greater than any other time during that period. Pradhan writes:

The HCI for 2015 indicates an increase in credit availability, but still remains significantly tighter than it was during the benchmark period. The 2015 increase in HCI has been driven by a rise in the share of FHA loans and new affordable conforming loans.

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