VantageScores

New Credit Scoring Available to Consumers and Lenders This is pretty exciting news for those of us who prefer not to use credit cards and prefer to pay cash for what we buy. You will now have a number and a grade A, B...
Posted by: Linda Bagley
Categories: Mortgage Info

Types of Mortgage Lenders

Types of Mortgage Lenders Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans which they sell directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan in...
Posted by: Linda Bagley
Categories: Mortgage Info

FICO Scores and Your Mortgage

FICO Scores and Your Mortgage Three years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective decision based on past p...
Posted by: Linda Bagley
Categories: Mortgage Info

What is a FICO Score?

What is a FICO Score? FICO stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile an...
Posted by: Linda Bagley
Categories: Mortgage Info