The mortgage industry does not have a speed problem. It has a confidence problem. For decades, the credit score has served as the central organizing mechanism of mortgage risk. It estimates the... Read more »
According to the study‘s methodology, the analysis “combines publicly available data with modeled scenarios to estimate the financial benefit of raising a credit score to 760, and how long that improvement might... Read more »
At a time when lack of affordability is a major issue for prospective homebuyers, eliminating minimum credit score requirements in GSE automated underwriting may sound like a great idea to expand credit... Read more »
Lansing, Michigan-based reverse mortgage servicing company Celink this week announced that it earned a high net promoter score (NPS) of 74, which is generally considered an “excellent” rating of customer loyalty, following... Read more »
ERG Commercial Real Estate recently sourced a $4.65-million refinance loan on 150 W. 36th St., a Midtown Manhattan office building. The five-story, 13,000-square-foot building, with ground-floor retail, is located between Sixth and Seventh avenues... Read more »
Improving your FICO® credit score is a gradual process that demands patience and diligent financial management. These scores are a crucial measure of your creditworthiness, playing a significant role in determining the... Read more »
FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for... Read more »
Buying a house with no money down is possible, but it requires a good credit score. To buy a house with no money down, you typically need a credit score of at... Read more »
A credit score of 700-800 is considered very good. It is above the national average credit score, and it will qualify you for the best interest rates and terms on loans and... Read more »