Interest rates are low, but it’s still hard to get a mortgage

By | Sep 30, 2012

Interest rates are low, but it’s still hard to get a mortgageNews from Los Angeles Times: WASHINGTON — With 30-year mortgage rates hitting new lows and recent borrowers’ payment performance the best by far in decades, you’d think that banks and other lenders might be loosening up on their hyper-strict underwriting standards. But new national […]

Home Economics: Knowing the score on mortgage credit

By | Sep 28, 2012

Home Economics: Knowing the score on mortgage creditNews from Philadelphia Inquirer: Good credit is important, especially when you’re looking to buy a house. Mortgage lenders have to know whether you’re able to repay the debt, and have to determine through your credit history whether you’re willing to pay, as well. They use credit scores to […]

Californians see increase in mortgage debt, drop in credit scores in …

By | Jun 14, 2012

Californians see increase in mortgage debt, drop in credit scores in …News from Bizjournals.com: The average Californian owes less in credit card and mortgage debt than they did last year, but credit scores are still dropping a little. Melissa Wiese Web Editor- Sacramento Business Journal Email  | Twitter  | LinkedIn  | Google The average Californian owes less in […]

Low mortgage rates spur many to try to improve credit scores

By | May 4, 2012

Low mortgage rates spur many to try to improve credit scoresNews from Sun-Sentinel: Home interest rates plunged to historic lows this week as more South Floridians are working to boost their credit records so lenders will trust them with a mortgage. The average 30-year, fixed-rate mortgage interest rate plunged this week to 3.84 percent, Freddie […]

Money Matters: Keep credit score in mind when applying for a mortgage

By | Mar 10, 2012

Money Matters: Keep credit score in mind when applying for a mortgageNews from YNN Hudson Valley: When it comes to securing a mortgage, the difference between good and bad credit could mean tens of thousands of dollars. Tara Lynn Wagner filed the following report.   To view our videos, you need toenable JavaScript. Learn how. […]

Be Wary of Closing Credit Cards When Applying for a Mortgage

By | Jan 19, 2012

Be Wary of Closing Credit Cards When Applying for a MortgageNews from Fox Business: Dear Credit Care, I am holding a store credit card for a store that no longer has physical stores and purchases may be made only online. I want to close that credit card. Would that affect my credit score, as I […]

Do FHA Mortgage Borrowers Still Face Credit Score Layering?

By | Jan 17, 2012

Do FHA Mortgage Borrowers Still Face Credit Score Layering?News from OurBroker.com: More that a year has passed since HUD announced that it would investigate 22 lenders. The issue? Layering, the addition of requirements on top of FHA standards. “The investigations,” said HUD, “are in response to 22 complaints the National Community Reinvestment Coalition (NCRC) filed […]

Mortgage lenders poised to get more personal

By | Oct 15, 2011

Mortgage lenders poised to get more personalNews from Chicago Tribune: October 14, 2011|By Mary Ellen Podmolik, Tribune reporter Many consumers applying for a mortgage are going to start sharing more personal information with lenders next year, like it or not. FICO scores, the industry standard for determining credit risk in mortgages backed by Fannie Mae, […]

How Do Credit Scores Affect Mortgage Interest Rates?

By | Aug 25, 2011

How Do Credit Scores Affect Mortgage Interest Rates?News from NASDAQ: Everyone knows that your credit score affects your ability to get a mortgage. What’s less well-known is just how it affects the interest rate you’ll pay. The general rule of thumb has traditionally been that you need a FICO credit score of 720 to obtain […]

Improving A Bad Credit Score After Defaulting On A Mortgage And Losing A Home …

By | Jun 20, 2011

Improving A Bad Credit Score After Defaulting On A Mortgage And Losing A Home … News from Red, White, and Blue Press: For homeowners who have faced the loss of their home due to defaulting on their mortgage and facing foreclosure, bad credit repair options may be more difficult due to a variety of factors […]

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