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 [...]

Freddie Mac Raises Mortgage Fees

Freddie Mac is raising costs for some home mortgage borrowers, following similar fee increases by competitor Fannie Mae. The new fees affect mortgages for condominiums, interest only loans, home equity loans.  Borrowers with low credit scores and low down payments are also affected.

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