In the most recent Mortgage Lender Sentiment Survey conducted by Fannie Mae, the lending company found that attitudes are changing in the areas of credit standards and mortgage demand.
According to Mortgage News Daily, large lenders are set to ease up on their credit standards for mortgages, while organizations of all sizes expect to see ...
Although the new FICO credit model, FICO 9, has been met with much optimism, it is unlikely that it will be used any time in the immediate future.
The new model could boost individuals' scores by as many as 25 points by essentially ignoring paid collections and paying little attention to paid and unpaid medical debt.
While realtors love ...
"I have plenty of experience going into debt. I've spent over half my life paying down a mortgage. I've taken out more than one home equity loan and have made more than my share of car payments. Have I ever been debt-free? Yes, for the first 18 years of my life. But now that I'm approaching retirement, I am nearing that state of equanim...
"It's a good time to think about the ins and outs of buying a house. One factor that can have a big ripple effect on your ability to qualify for a mortgage is your credit card habits.
Not sure how plastic plays a role in your homeownership plans? Let's dig into the details..."
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Image by Sprinno via Wikimedia ...
As time goes by, more and more credit cards are receiving new microchip technology.
The purpose of this technology is to generate new information for each purchase so that predators cannot reuse the information.
It sounds good in theory, however many believe that this only raises the cost for identity thieves, and does not protect ...
When getting a mortgage, credit can be a major concern, and there are a few key factors that could make or break your mortgage.
While in approval stages, there are red flags that could have an impact on your mortgage.
For instance, if your mortgage is in its final stages, it is not a good idea to apply for other credit, dispute a credit...
The Senate Republicans have blocked legislation toward student loan forgiveness.
The legislation would have allowed students to refinance their loans at lower rates to give them some debt relief.
There was a 56-30 vote on the legislation.
Image by Tulane Public Relations via Wikimedia Commons.
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Drivers may be paying higher auto insurance premiums based on their credit scores.
A study by WalletHub.com finds that there is a 65% difference in insurance costs between those with high credit scores and those with low credit scores.
State law in California, Hawaii, and Massachusetts outlaws insurance providers from using credit score ...
After security breaches like one of the magnitude of the Target scandal, MasterCard is making strides to make its cardholders feel safer.
The credit and debit card company is extending its zero-liability protection to all PIN-based and ATM transactions, taking effect in October. The protection currently only protects transactions made by ...