The Bank that Rejects the Most Mortgages
A home loan refused by one bank might be approved by another The likelihood that a mortgage application will be approved varies widely by bank. Home-buyer rejection rates ranged from… Read more ⇢
FICO Scores
Loan Defaults and Late Pays Have Damaged FICO Scores
With all the mortgage delinquencies, short sales and foreclosures in the past 3 years at an all time high, there has been a deterioration of average FICO scores across… Read more ⇢
Start Repairing Your FICO Scores Now
As we said in our last post, credit ratings are taking serious declines due to mortgage failures that have occurred during the last… Read more ⇢
Credit Report Disputes Could Derail Your Loan Approval
Some consumers with exceptional credit reports and high FICO scores are being denied mortgages by Fannie Mae’s automated underwriting system because there is a notation in the credit report… Read more ⇢
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