A new research paper suggests that changes in the availability of mortgage credit can have an impact on voting patterns during U.S. presidential elections. The paper, written by researchers Alexis Antoniades of Georgetown University and Charles W. Calomiris of Columbia University, analyzed swings in mortgage credit to see if they had any impact on voter’s
Some consumers could see their credit scores jump higher
April 18, 2018 by
Consumers with low credit scores could soon have something to cheer about with the news that the three major credit reporting agencies in the U.S. are to implement policy changes that could lift their scores.
How Your Credit Score Plays a Role When Buying a Home
January 9, 2018 by
There are several factors that go into the decision to approve or deny your mortgage request when you buy a home: your income, your debts, the appraisal on your chosen home, and your credit score are just some of the factor
3 Solid Ways to Get a Mortgage Loan Approval
October 13, 2017 by
Truth be told. Owning a home is a beautiful thing. In fact, it’s the one biggest expenses you’re likely to experience in your lifetime. But before you get there, certain financial issues
Lenders are easing standards, making it easier to obtain a mortgage
September 28, 2017 by
Government-backed mortgage services Fannie Mae says that lenders are easing their standards for consumers to qualify for a mortgage.
Industry bodies form alliance to push for alternative credit scoring model
August 31, 2017 by
The National Association of Realtors is teaming up with a number of housing and mortgage trade associations to ask the Federal Housing Finance Agency to enable greater access to mortgage credit by using “alternative credit scoring models”.
Fannie Mae to ease mortgage requirements from next month
June 8, 2017 by
Fannie Mae, the government sponsored financing organization, has said it plans to ease its credit requirements from next month.
Cozy lets renters build good credit scores simply by paying the rent on time
June 6, 2017 by
Online property management platform Cozy has announced a collaboration with Experian to help renters build their credit histories by paying their rent.
14% of big city renters can afford to buy, but choose not to do so
August 17, 2016 by
Across the country’s largest rental markets, almost 14 percent of on-market renters have strong credit scores, relatively high incomes and could afford to buy the median home in their market.
Lenders unlikely to budge on credit standards anytime soon
June 17, 2016 by
Anyone who was hoping that the banks might be about to ease their credit standards will have to wait a while longer.
