PARADISE ISLAND, Bahamas - Even with the current high refinancing environment, which typically leads to relaxed underwriting standards, there is an increasingly better credit mix in subprime mortgage pools, said representatives from the top mortgage originators at last week's 2002 ABS East conference, hosted by the Information Management Network.

Panelists noted that FICO scores are historically high in recent pools. This is no surprise, they said, as originators are tightening up given the current credit environment, and the flood of supply is allowing them to cherry pick.

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