EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

Mark Wittstadt: Butler & Hosch sale, Dustin Johnson lawsuit severely impacted firm

What to expect when you’re expecting a CFPB administrative action

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Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more
W S

Items Tagged with 'FICO'

ARTICLES

From HW Magazine

Is it time to 86 the FICO?

Using only one model leaves money on the table for lenders
Jacob Gaffney
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan.
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New FICO program reveals credit score to risky borrowers

Idea comes from CFPB request
Brena Swanson
FICO isn’t done making waves in the industry. After announcing a new credit program for risky borrowers at the beginning of the month, it is working to make sure those same type of borrowers are also financially educated.
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Millennials most confident generation about their credit scores

Infographic shows generational view of FICO scores
Brena Swanson
While Millennials are the most confident generation — with nearly three in five Millennials saying they would be comfortable disclosing their credit score to their parents — they may not be the most aware. This infographic shows exactly where each generation stands.
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It’s official: FICO announces new credit program for risky borrowers

Pilot program will soon extend to new lenders
Brena Swanson
FICO released the official details of its new credit program that is forecasted to eventually open the credit box for millions of potential borrowers.
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Expected FICO changes to aid risky borrowers

Will reflect utility payments
Brena Swanson
Borrowers with a bad credit history are getting a second chance in the mortgage game. Fair Isaac Corp. is supposed to announce a new credit score metric as soon as this week that will help borrowers who are regarded as too risky by some lenders obtain mortgages, credit cards and auto loans.
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HUD’s Castro to Realtors: We want alternatives to traditional credit scoring

Credit accessibility continues to dog marginal homebuyers
Trey Garrison
Several real estate trade groups spent Wednesday discussing the challenges that credit standards pose for access for some would-be borrowers and alternatives to traditional credit scoring. Good idea, or increasing the subprime risk?
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The truth about a housing "recovery" in 2015

Lynn Effinger looks into his crystal ball
Lynn Effinger
With a virtual plethora of articles appearing in 2014 throughout the “regular” media, the blogosphere, and various other venues regarding the strength or weakness in our economy, one could surmise that there is a clear trend. One expert says that, yes, there is a trend, but it is not a positive one.
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Carrington opens mortgage lending to borrowers with bad credit

1 in 3 consumers have FICO scores below 650
Brena Swanson
Carrington Mortgage Services once again announced new initiatives to serve the underserved borrower. This time the benefits include no closing costs, appraisal fees or lender financing fees.
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Most Americans are wrong about their credit score

Think paying your cell phone helps?
Brena Swanson
A significant number of Americans are confused when it comes to what does and does not get reported to national credit bureaus. In fact, many Americans think paying the utilities on time helps with their score. They should think again.
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Carrington’s wholesale division eliminates underwriting fee

Simplifies process for brokers
Brena Swanson
The wholesale lending division of Carrington Mortgage Services announced on Wednesday that it is eliminating its underwriting fee in its wholesale division.
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