Articles Tagged with ''Credit score''

FICO Scores 101 Launches

The financial climate born of the recent credit crisis shines particular emphasis on the consideration of credit as a critical component for both lenders and consumers, as well as the need for tools to teach the ins-and-outs of credit. AllRegs, a publisher of industry guidelines, and analytics technology provider, FICO, released Thursday a new online course designed to do just that:  teach credit decision makers the fundamentals of FICO scores.
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New FICO Score for Mortgage Lenders

Fair Isaac Corp. [stock FIC][/stock] introduced Wednesday a new FICO industry score, BEACON Mortgage Score, specifically designed to help mortgage lenders make the best possible risk decisions when addressing both current homeowners and those aspiring to own, the company said in a press release. Equifax plans to make the new score available in April to mortgage lenders and servicers for use in their loan servicing decisions including mortgage loan modifications.
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Firm Cries Foul on Credit Reporting, Mortgage Loans

Nearly one in two borrowers is plagued by medical collection accounts that are lowering their credit scores and limiting their ability to get a mortgage, said mortgage and credit expert Rodney Anderson, of Rodney Anderson Lending Services, in a press release Monday.
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Company Touts Mortgage Portfolio Analytics Service

For investors and servicers looking to manage collateral risk, nothing is more important in the current market than forward analytics that can help develop a sense of future loan performance; Garden Grove, Calif.-based Informative Research said Thursday that it had rolled out a suite of portfolio credit review analytic tools for mortgage investors and servicers designed to provide a forward-looking view.
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Mortgage Delinquencies Rise Nearly 62 Percent in First Quarter

While it's likely no longer surprising for many market participants, a report by consumer credit bureau TransUnion released Monday found that mortgage delinquencies had increased for the fifth straight quarter during Q1, while consumers managed to add to their overall mortgage debt load during the quarter as well.
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Equifax Launches Credit Risk Evaluation Tool

Equifax Inc. [stock EFX][/stock] said Monday that it has launched a tool that targets forward-looking valuations of mortgage-backed and related securities. Called Mortgage Market Risk Insight, or MRI, Equifax touted it as the first such tool on the market that can help investors assess credit risk tied to underlying collateral.
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Fannie Tightens Its Belt, Again

Fannie Mae on Wednesday said it was making changes to its automated underwriting system, Desktop Underwriter -- the new changes, effective May 31, represent the latest round of tightening on the mortgage origination side. Clearly, Fannie is attempting to keep the riskier stuff off of its books. Related links:
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