Tommy Lee is a principal scientist and has been with FICO since 2003. In his current role in the analytics and scores development team, Lee is an analytic reviewer on FICO Score developments in the U.S. and internationally. Lee's recent accomplishments include playing an integral part in the research, design and development of the FICO Score 9 suite.
In today’s competitive housing market, there are many factors that help determine whether a person is ready to buy – rather than rent – their next home. To better understand the profile of individuals who are taking the next step in their financial journey, FICO researched how previous financial milestones impact the readiness to open a mortgage among Millennials.
Brickman takes to helm of one of the largest mortgage companies in the U.S. today, and while times at the government-sponsored enterprise are filled with uncertainty, Brickman sees nothing but excitement for the future of Freddie Mac.
When buying a home, many Americans consider a 20% down payment to be the norm, the ideal amount of money to put down to get a conventional mortgage with no private mortgage insurance and to keep monthly payments reasonably affordable.