Items Tagged with 'FICO'

ARTICLES

National Association of Realtors declares support for alternative credit scoring

Says alternative models could make expand credit box
The National Association of Realtors sent a letter to two members of Congress this week, declaring the organization's support of alternative credit-scoring models that could be used to open the credit box to previously underserved borrowers. Here's why NAR thinks alternative credit scoring is so important.
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What's the fastest way to improve your credit score?

Attention Spring homebuyers!
Experian recently hosted a video on improving credit scores. Loan officers in the mortgage finance industry are well-aware of the credit challenges many potential homebuyers face. Need to direct clients to some decent advice on improving their scores? This article will do the trick.
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[infographic] What’s in your credit score?

MGIC: Breaking down your credit score
There are a lot of factors that make up a credit score, with many people unaware of what even goes into it. MGIC attempts to fix that problem in a new infographic that breaks down a person’s credit score.
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Are FICO scores becoming a thing of the past?

One lender says yes
A solution for the current credit score system is a trending topic in the industry. What if the solution is to not use the FICO method at all? While it’s likely this isn’t for everyone, it works for this mortgage industry disrupter.
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New House bill would end 'FICO monopoly' at Fannie Mae, Freddie Mac

Bipartisan bill pushes Fannie, Freddie to look at alternative credit scores
A bill introduced Thursday in the House of Representatives would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models beyond the FICO credit score the government-sponsored enterprises currently use when determining what loans to purchase.
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