Great new for mortgages! In a move that may spur additional - TopicsExpress



          

Great new for mortgages! In a move that may spur additional mortgage lending, Fair Isaac will no longer include data reflecting failure to pay a bill in its tabulations if the individual paid or settled with a collection agency. It will also give less weight to unpaid medical bills owed to a collection agency. “The changes are expected to boost consumer lending, especially among borrowers shut out of the market or charged high interest rates because of their low scores.… This should help more borrowers qualify for mortgages!
Posted on: Fri, 08 Aug 2014 17:46:35 +0000

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