Articles Tagged with ''Credit score''

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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Viewpoint: FICO - The Late, Great Credit Score?

Is FICO still relevant to the mortgage industry? I can see it now: no matter how this question gets answered, it’s certain to elicit some response, which in fact, is the reason for the article. As an industry that migrated with some reservation but eventually went "all-in" with the belief that FICO was a true indicator of performance, it’s a question that deserves discussion, particularly given the issues we’re facing.
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