Tag Archives: FICO Scores

FHA – Wants a Mortgage For Low Score Borrowers, But Wants Better Mortgage Performance?

Posted ago by Cary Cox

ShareYes leave it to the government to want the impossible, but FHA is asking lenders to do just that with the FHA mortgage program – they want a mortgage for more low FICO borrowers, but they want lenders to deliver …

Mortgage Apps Drop Government Wants a Mortgage For All But Crucifies Non-Issues

Posted ago by Cary Cox

ShareMortgage applications dropped today to a six year low. As reported in Mortgage Professional America: Mortgage applications plummeted last week, dropping 7.2% from the week earlier, according to new data from the Mortgage Bankers Association. Refinances hit their lowest level …

FHA Mortgage Income

Posted ago by Cary Cox

ShareIncome for a mortgage is one of the most important factors when qualifying for a FHA Mortgage or being approved for a FHA Mortgage loan that is issued by the Federal Housing Administration. The other major factors that are considered for …

Mortgage Mess – The White-House Never Learns

Posted ago by Cary Cox

ShareEveryone makes mistakes and the difference between smart people and dumb people is that smart people never make the same mistake and dumb people never stop making the same mistake.  Well the Obama White-House falls into the latter category when …

Mortgage Rates In Papers & Bankrate.com

Posted ago by Cary Cox

ShareRemember when mom told you never believe everything that you read? Well no truer words could be spoken when it comes to mortgage rates advertised in newspapers like the Houston Chronicle or on websites like Bankrate.com – there is a …

Mortgage Rates & Credit Scores

Posted ago by Cary Cox

ShareYour mortgage rate is heavily influenced by your credit score. Whether you have a conforming mortgage, jumbo mortgage, or super jumbo mortgage the fact of the matter is the higher the score the better your interest rate on your loan. …