FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Items Tagged with 'FICO'


How well do you understand your credit score? Take this quiz

This should help clear any gray areas
The world of credit scores is often misunderstood, which is not a good thing since scores play a large role in whether or not you will qualify for a mortgage. Take this quiz to find out how well you know, or don’t know, the credit score system. A word of caution: Don’t get your hopes up for a 100%.
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From HW Magazine

Is it time to 86 the FICO?

Using only one model leaves money on the table for lenders
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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Millennials most confident generation about their credit scores

Infographic shows generational view of FICO scores
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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Expected FICO changes to aid risky borrowers

Will reflect utility payments
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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The truth about a housing "recovery" in 2015

Lynn Effinger looks into his crystal ball
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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