Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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Investments / The Ticker

NAR applauds FICO update

Continues to support the credit box widening

Key home

The National Association of Realtors applauded FICO’s new FICO Score 9 as a way to assess consumer collection information, bypassing paid collection agency accounts and differentiating between medical and non-medical collection agency accounts.

The latest product ensures that medical collections have a lower impact on the score, commensurate with the credit risk they represent.

“This move will ultimately make a real difference in the lives of millions of Americans, who have been shut out of the housing market or forced to pay higher mortgage interest rates because of flawed credit scores. Since the housing crash, overly restrictive lending has been the greatest obstacle to homeownership,” NAR President Steve Brown said.

“NAR will continue to support efforts to broaden access to credit for qualified homebuyers,” he added.

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