Lenders Want More Credit Information

Fair Isaac Corp., or FICO, the company behind our credit scoring system has announced that beginning next year lenders will be requiring more information than ever before from those applying for loans.  A separate score that will include pay day loans, evictions and over due child support payments will be provided to mortgage lenders through [...]

Mortage Rates Low, But Fees Up

New rules instituted by Freddie Mac and Fannie Mae are raising fees for borrowers with less than perfect credit ratings.  Borrowers must have a FICO score of 740 or higher in order to avoid the additional fees known as Loan Level Price Adjustments. Event borrowers with perfect credit now have to paying additional points in [...]

• Sponsor

• Recent Posts

  • Lenders Want More Credit Information
  • Federal Reserve Targets Big Banks
  • The Impending Reform of Fannie Mae and Freddie Mac
  • Tax Credit Helps Homes Sales Increase
  • Baltimore Sues Wells Fargo, NAACP Backs Off

• Archives

  • 2011
  • 2010
  • 2009
  • 2008

• Blogroll

  • Debt Consolidation Solutions
  • Mortage Lenders