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Items Tagged with 'FICO'

ARTICLES

Freddie Mac: 3 ways to improve your credit score right now

Next year's homebuyers need to start today
July 11, 2014
So signs point to a gradual loosening of credit standards for potential mortgage borrowers, but most people still think they won’t qualify, which is a large part of the reason people aren't trying to get a mortgage in the first place.
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Undisclosed debt notification system gets stronger

Advantage Credit now uses all three credit bureaus
April 25, 2014
Advantage Credit announced its Undisclosed Debt Notification service now utilizes data from all three credit bureaus, helping prevent last-minute surprises on a borrower's credit profile before closing a loan.
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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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