Lenders Lower Their Credit Offerings

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In: New Home Mortgage News

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According to the Mortgage Bankers Association in the month of November, more lenders reduced their credit offerings. The Mortgage Credit Availability Index of MBA slipped 0.6% in November, suggesting that lending standards tightened at that time. In March 2012 theContinue Reading

Credit scores rises for consumers who dealt with COVID hardships

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In: Mortgage News

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Last updated on November 22nd, 2021 at 04:04 pmAs a minimum one credit score model revealed improvement for 18.7 million borrowers with financial hardships during the pandemic, new TransUnion research shows. In a study of VantageScore 4.0 alters for consumerContinue Reading

Does Your Credit Score Give You Jitters?

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In: New Home Mortgage News

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Last updated on December 5th, 2022 at 10:05 pmThe average FICO score on closed loans reached 753 in February says the data from the most recent Origination Insight Report by Ellie Mae.  Because of the tightening of the lending standards many borrowersContinue Reading