True – FHA has not had minimum score requirements. The trouble, if you call it that, is in the fact that FHA is not the lender but the insurer. All lenders have always had some sort of over-lay on FHA guidelines to make sure they are purchasing a solid security. The rare exception to this [...]

This is the type of post which always rattles a tree or two. I have posted similar postings for many years -even prior to when they were publicly referred to as blogs- all with about the same result. The tactics these people use have long been known in the lending industry. During the “bubble” some [...]

Credit scoring is relatively new to the finance game. Until just a few years ago we looked at credit history and made risk decisions based on payment patterns and current credit exposure. Along with the new era of data management in combination with heuristics, weighted points and algorithms came credit scoring. In a nutshell credit [...]