New credit scores from FICO, VantageScore gaining traction
Lenders won't be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers
by Matt Carter Feb 14
Let TikTok's favorite debt expert help skyrocket your credit score
Trainer Bernice Ross talks to popular TikTok credit expert Alisa Glutz to find out how you and your clients can optimize the potential of a credit profile for lower interest rates and better scores
by Bernice Ross Feb 2
Fannie, Freddie ordered to slash fees for many first-time homebuyers
Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency said Monday
by Matt Carter Oct 25
The end of credit scores? The best ideas from Zillow’s Hackathon
The Seattle-based listing giant announced the 3 top innovations that emerged from its annual competition for students of historically Black colleges and universities
by Daniel Houston Sep 22
Homebuyers with lower credit scores pay hundreds more: Study
The homebuyers with 'fair' credit scores can pay up to $288 more per month than those with 'excellent' scores, according to a new study by Zillow
by Ben Verde Jul 28
Equifax 'coding issue' possibly skews thousands of mortgage credit scores
The 'coding issue’ reportedly affecting about 12 percent of credit scores calculated from March 16 to April 6, 2022, has been corrected, according to the company.
by Matt Carter May 31
New study shows true impact of credit scores on mortgage rates
Digital mortgage marketplace OwnUp's latest study revealed buyers with good credit scores can lose $40K in interest savings by failing to shop loan options
by Marian McPherson Jul 8
Low credit scores are biggest barrier for women, minority buyers
OJO Labs' latest homebuyer survey found that Black homebuyers were three times more likely to have a credit score below 660, which inhibits access to down payment assistance programs and agent support
by Marian McPherson Apr 28
Lower credit usage among renters signal recovering market: Study
TransUnion's 2021 Rental Housing Financial Impact Study shows renters' smart financial decisions are helping to stabilize a volatile market
by Marian McPherson Mar 2
The Homebuyer Files: How rising rent convinced these 3 to finally buy
Two single moms and one aspiring musician share how escalating rent costs pushed them to buy and build equity instead
by Marian McPherson Mar 4
Why younger generations need to understand credit scores now
Only 1 in 10 young consumers bother checking their credit scores, according to recent research
by Lew Sichelman Jul 16
Helping buyers find a home for the fam? Share these 7 tips
Add value by helping your clients figure out their budget, where they’d like to realistically live and what to expect along the way
by Roger Odoardi Jun 4
9 ways homebuyers can improve their credit scores
Buyers will find it easier to get a home loan using these tips
by Johnson Fedrick Jul 3
A credit report with a low score
Credit score knowledge is up, but many lack complete understanding of how credit is determined, how it impacts them and how it can be improved
by Lew Sichelman Jun 27
Ben Carson takes aim at emotional support animals at NAR conference
Millennial homeownership, sexual harassment and credit scores were also discussed
by Patrick Kearns May 16