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

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

Mortgages May be Easier to Get than you think

Mortgages may be easier to get than potential home buyers believe Many potential buyers think they need near-perfect credit scores to get a home loan. But lenders may be loosening their tight underwriting standards. From LA Times 4/27/14 WASHINGTON — Are you on the home-buying sidelines this spring because you think you won't be able … Continue reading Mortgages May be Easier to Get than you think