Lenders Warn of New Housing Bubble on Horizon



Mortgage bankers are fearful that another real estate bubble is on the horizon, according to a quarterly survey of 203 bank risk managers from the United States and Canada conducted by FICO

Are Credit Score Requirements Too Strict?



Executives at FICO, the creator of a credit score widely used in the mortgage industry, say that the high credit score “cutoffs” that mortgage lenders imposed following the housing crisis are stricter than necessary.

Just Who Does Qualify For a Loan These Days?



The answer? Not many, that’s who… While mortgage rates are being advertised as the lowest in a lifetime, the simple fact is that thousands of prospective buyers will never qualify for them.

“High-Risk” Renters to Get a Credit Rating Boost



Renters who have a good history of paying their bills on time may be about to benefit from a boost to their credit rating. A recent reports suggests that timely rent payments will now taken into account when calculating credit scores, giving a boost to renters who make it a habit to pay their rent on time.

First Time Buyers Wary of Making a Move



The average price of a home in the US has fallen to pre-2002 levels and interest rates are as low as they’ve been in living memory. So why is it that the number of first time buyers seems to be dropping, given all the incentives they have to act right now? According to a report […]

Most Strategic Defaulters Have Great Credit And Few Debts



Earlier this week, I happened to stumble on a great article by Justin McHood who wrote about an emerging trend amongst homeowners – “Buying and Bailing”, wherein they take advantage of the fact that property prices are lower than ever, by buying a new home and then walking away from their current, underwater home. Justin’s […]

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