Tight credit is delaying the recovery of the housing market and the economy as a whole. The importance of reasonable underwriting policies is necessary to increase the availability of credit to qualified borrowers who are good credit risks.
The New Year brought a slew of regulatory changes that impact the GSEs, FHA, VA, and the market in general.
Credit Scoring Resources
Federal Reserve Webinar: Addressing the Credit Impacts of Foreclosure
Frequently Asked Questions: FICO Score (PDF: 289 KB)