Tag Archives: Credit Score

The National Association of Mortgage Brokers (NAMB) wrote to Congress on Wednesday seeking a ban on the sale of trigger leads for mortgages through the PROTECT Act of ...

For certain consumers, credit scores could be jumping quite a few points come this fall. The three major credit reporting companies announced they will drop some data from consumers’ profiles, but experts are concerned it could mean bad news for the mortgage market.

A borrower’s credit score can make or break a lender’s decision on whether or not to approve a mortgage loan. Yet studies show many consumers hold mistaken beliefs about factors that affect their scores.

Credit availability in the mortgage industry increased slightly in the fourth quarter, reversing a long-time downward trend over the last four quarters. However, credit access is not the same across the board.

The recent reduction in private mortgage insurance fees has made getting a mortgage loan a lot easier and may begin to pull high quality borrowers from the Federal Housing Administration.

Tailored credit report and score counseling services are an effective way to reach consumers and improve their credit score, which can ultimately help them obtain a mortgage.

An analysis of millions of credit reports comparing financial behavior patterns of those who currently rent and those who have a current mortgage revealed that tens of millions of renters might not qualify for a mortgage due to a low credit score—and that a large share of renters have other outstanding debt that is currently in collections.

There are new segments of the population emerging that include millennials, minorities, immigrants, and rural dwellers, and the typical FICO score evaluation just won't cut it for lenders.

A borrower's credit score could be adversely affected by gender, according to a recent study. Typically, men have an average credit score of 630 out of 850, while women have an average score of 621 but the factors behind these scores is where the story gets interesting....

An uptick in housing demand is being met with mortgage originations for borrowers with less than perfect credit scores, but not without caution. Read on to see what impact Equifax is seeing subprime borrowers have on the mortgage market