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Items Tagged with 'FICO'

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San Francisco boasts highest credit risk spread

Each market wields its own risk
April 15, 2014
Every market bodes a different credit risk, and a new product from Collateral Analytics shows just how different each area can be. Coming in on top, San Francisco ranks as number one for the highest credit risk spread.
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Securitized mortgage risk growing as lending practices degrade

Political pressure to lower standards increases
March 24, 2014
The risk rate for securitized agency mortgages is worsening and lending practices are becoming less safe.
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Carrington ups ante on Wells Fargo by lowering FICO standard

Lowers minimum FICO score to 550
March 24, 2014
Carrington Mortgage Services is the next major lender to announce it lowered its minimum FICO score to 550 in order to better focus on underserved borrowers.
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Is Wells Fargo setting the new FICO standard?

Lender loosens requirements for FHA borrowers
February 6, 2014
Despite a recent drop in originations, Wells Fargo remains competitive and loosened its lending standards by dropping its minimum FICO requirement on FHA-backed mortgages loans to 600 from 640 for retail purchase customers.
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Monday Morning Cup of Coffee: Ocwen booms, Goldman negative on economy

February 3, 2014
Both economic data and financial market sentiment are taking a turn for the worse since the beginning of the year, as weakness in the employment and housing indicators slow key indices.
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MBA: Mortgage lending loosens up a bit

Mortgage Credit Availability Index inches up 0.7%
November 12, 2013
Mortgage credit availability grew slightly in October, with originators loosening credit standards after two months of tightening.
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Mortgage underwriting eases for those with exceptional credit

October 11, 2013
It's much easier for people with exceptional credit scores to obtain a mortgage today. But for those with slightly tainted credit scores, mortgages are still hard to come by.
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Full-blown housing recovery remains an illusory goal

Average FICO score sits 50-pts above pre-crisis levels
September 30, 2013
A full-blown housing recovery could push the nation closer to full employment, but a confluence of factors have made this an illusory goal, researchers claim in a new report from Moody’s Analytics and the Urban Institute.
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Borrowers face difficulties qualifying for a mortgage

Three out of 10 people have credit scores of 620 or less
September 26, 2013
Three out of 10 Americans are unlikely to qualify for a mortgage, despite historically low interest rates and record levels of affordability.
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MGIC reveals changes to underwriting guidelines

Looks to make process of applying for MGIC MI simpler and faster
August 14, 2013
MGIC revamped its underwriting guidelines to better streamline the mortgage insurance application process.
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