Items Tagged with 'underwriting guidelines'

ARTICLES

  • Are your Facebook friends the future of your FICO score?

    One financial expert thinks so
    “You could easily have a scenario in 10 years where a customer’s chances of credit are determined not only on their spending, but also on their friends, family members and their social profile,” Gi Fernando said. “By giving up a bit more information to the banks, you might stand to benefit in a wider choice of products.”
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  • Making mortgage lemons

    Tighter underwriting doesn't make up for strong oversight...it just limits the market
    Requiring very high credit scores may reduce the risk of default, but it doesn’t prevent us from making a mortgage lemon and only serves to dramatically reduce the pool of eligible borrowers, writes Mark Fleming, chief economist for CoreLogic.
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