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
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
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
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
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
Mortgage lenders using old FICO score versions is a problem
Educate and empower your clients
Use this guide to educate your clients
As traditional homebuyers return, it might be time to revisit mortgage fundamentals
No consensus means no relief
Venture capital-backed Privlo uses ‘alternative’ documentation to extend mortgages to borrowers who are falling through the cracks
Data analysis nonprofit finds more than 4 million loans were lost in the last 5 years
Don't let sullied payment history hold you back
New tool factors bankruptcy, FICO score and debt ratio into the equation
Don't rely on low interest rates in today's market