Homebuyer education, counseling no panacea for mortgage default
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers
by Matt Carter Sep 9
As rates rose, demand for mortgages dwindled every month in Q2
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight
by Matt Carter Jul 10
Mortgage lending standards ease for refinances
The biggest monthly move since 2013, a four-point drop in average FICO scores from March to April, is confined to borrowers refinancing existing loans
by Matt Carter May 26
3 tips for avoiding surprises during the homebuying process
During these unprecedented times, it's important for agents to do everything they can to protect themselves and their buyers from unwanted surprises. Here are a few things you can do
by Troy Palmquist Apr 23
Average FICO scores hit all-time high
The credit reporting firm said this week that the average score has now hit 706, marking a dramatic turnaround from a decade ago when average scores bottomed out
by Jim Dalrymple II Sep 11
Millions of potential homebuyers won't qualify for new FICO score
Slated for 2019, UltraFICO model could widen pool of borrowers overall, but homebuyers seeking mortgages backed by Fannie and Freddie won't have access for years
by Teke Wiggin Oct 29
Why the FICO score desperately needs a makeover
Mortgage lenders using old FICO score versions is a problem
by Nabil Captan Jun 3
Do you know your FICO score?
Educate and empower your clients
by Nabil Captan Oct 9
18 simple terms that scare homebuyers
Use this guide to educate your clients
by Boom Rizal Jul 6
Is it time to go back to mortgage basics?
As traditional homebuyers return, it might be time to revisit mortgage fundamentals
by Ray Brousseau Jun 23
Why lending standards won't get better
No consensus means no relief
by Steve Cook May 27
Online lender offers mortgages to the FICO-challenged
Venture capital-backed Privlo uses ‘alternative’ documentation to extend mortgages to borrowers who are falling through the cracks
by Amy Tankersley Apr 23
Economists weigh the question: Why is credit so tight for homebuyers?
Data analysis nonprofit finds more than 4 million loans were lost in the last 5 years
by Amy Tankersley Apr 3
Don't let sullied payment history hold you back
by Robert Griswold Feb 24
New tool factors bankruptcy, FICO score and debt ratio into the equation
by Jack Guttentag Nov 21