Credit Scores and Reporting
Top economists gather at NAR to discuss housing market.
Changes to credit scores are coming as industry experts agree current criteria don't adequately reflect today's households.
Housing industry stakeholders discussed how alternative credit scoring models could expand access to mortgage credit for responsible borrowers.
Barrett Burns, President & CEO of VantageScore Solutions LLC and NAR's Charlie Dawson talk about changes and advances in the credit-scoring industry.
REALTORS® welcome today’s announcement from Fair Isaac Corp., or FICO, that it will no longer penalize borrowers for certain debt-collection activities when calculating credit scores.
The Federal Housing Agency is taking additional steps to expand access to mortgage credit for underserved borrowers.
The bank has announced that it has dropped its minimum credit score for FHA loans from 640 to 600.
Those who have undergone a previous short sale need to pay careful attention to their credit report to make sure it was reported accurately by the lender, especially if they want to apply for a new mortgage anytime soon.
Credit scoring has become a serious issue in the lending community and it can affect your ability to obtain or refinance your next mortgage. This updated field guide includes articles and books relating to credit scoring.