A Fight Over the Credit Score Lenders Use for Your Mortgage

~very interesting, what do you think?~ A Fight Over the Credit Score Lenders Use for Your Mortgage Banks and rival lenders are butting heads over the credit scores used to decide millions of mortgage requests by U.S. home buyers. Now, a federal agency is weighing whether to step into the fight, which revolves around a … Continue reading A Fight Over the Credit Score Lenders Use for Your Mortgage

Credit Reports to Exclude Certain Negative Information, Boosting FICO Scores

  Credit Reports to Exclude Certain Negative Information, Boosting FICO Scores AnnaMaria Andriotis The Wall Street JournalMarch 12, 2017 Many tax liens and civil judgments soon will be taken off people’s credit reports, the latest move to omit negative information from the powerful financial scorecards. The decision by the three major credit-reporting firms—Equifax Inc., Experian … Continue reading Credit Reports to Exclude Certain Negative Information, Boosting FICO Scores

Rates Spike While FICO Scores Decline

  Rates Spike While FICO Scores Decline Author: Scott Morgan in Data, Headlines, News February 20, 2017 0 While 30-year notes rose in January, average FICO scores on refinances dropped across the board, according to the latest Origination Insight Report by Ellie Mae. “Rates continued to increase in January and with that we began to … Continue reading Rates Spike While FICO Scores Decline

New FICO Rules, Game Changer

Why New FICO Score Rules Could Be a ‘Game-Changer’ In Helping You Obtain a Loan From Motley Fool 8/23/14 Some 64.3 million U.S. consumers who have at least one medical debt on their credit report woke up to a healthy dose of good news on Friday that the Fair Isaac Corp. (FICO) — which lenders … Continue reading New FICO Rules, Game Changer

Know the 5 Parts of a Credit Score

From WallStCheatSheet.com 7/23/14 Everyone Should Know the 5 Parts of a Credit Score; Do You? Credit, credit, credit — we hear all the time how we need to have a good credit score. As the prime indicator of our financial trustworthiness, a clean credit report and high credit score tell lenders we are financially sound. … Continue reading Know the 5 Parts of a Credit Score