Currently viewing the tag: "Credit Scoring"

Credit Tips from Today Show

On February 5, 2010 By

Lending guidelines for home loan approvals continue to tighten. Even 720 ’s see adjustments on some loan programs these days.

To get the best mortgage rate, you need the best credit score. NBC’s Today Show talked about a few common mistakes that home buyers make. It’s a [...]

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A Bad Way to "Save" Money

On December 3, 2009 By

Offers for store credit cards surge this time of year.

These deals can be tempting.

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The Irrelevance of an 800 Credit Score

On September 11, 2009 By

In early 2008, we talking about the “new” Loan Level Price Adjustments () being levied by Fanne Mae and Freddie Mac. At that point, you could see the importance of credit score looming on the horizon.

Minimum levels [...]

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LLPA: A look at Fannie Mae and Freddie Mac Loan Level Price Adjustments

On September 12, 2008 By

Fannie Mae’s revised Loan Level Price Adjustments most specifically target the higher risk loans of people in credit tiers of 720 and below.  The most punitive fees are given to loans with credit scores below 680.

We reviewed the concept of these fees in our February webcast

Credit Score <=60% 60.01-70% 70.01-75% 75.01-80% 80.01-85% [...]

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