LERETA, LLC, a national provider of real estate tax and flood services for mortgage servicers based in Covina, California, has tapped Eric Christensen as the Chief Strategy Officer for the company. Christensen is responsible for product development, corporate strategy, marketing, and M&A transactions.
Read More »Credit Scores and Loan Prepayment Speed
Are prepayment speeds related to credit scores? A recent webinar on residential mortgage servicing rights gave some new insights about the prepayment of loan products and FICO scores by comparing conventional and government mortgages.
Read More »Achieving Sustainable Homeownership
With the FHFA considering the possibility of changing the credit score requirements the GSEs requires, what are the advantages of credit scoring competition and what impact could these potential changes have on future default rates?
Read More »Scoring the Unscorable
Editor's note: This story was originally featured in the February issue of DS News, out now. Following the credit crisis of 2008, the economic recovery has stabilized consumer credit markets and led to a rebound of credit availability for consumers. Despite a ...
Read More »Credit Where Credit is Due
The Federal Housing Finance Agency recently released a Request for Input seeking feedback about the possibility of changing the credit scores the GSEs requires lenders to use to evaluate borrowers. According to the FHFA’s press release, “The Enterprises currently use ...
Read More »FHFA Credit Changes Could Expand Homeownership
With the Enterprises considering major changes when it comes to GSE credit score standards, a FICO representative says they welcome the competition—so long as it’s fair.
Read More »Credit Score Facelift
As the years go by, technology progresses. New computers and cellphones, more efficient ways of handling paperwork—but what about credit reporting?
Read More »Gen X Anxious and Fearful for Financial Future
Generation X, aged 28-52, have a worse financial outlook than any other group. Having lost nearly half their wealth after the housing market collapse, over a third of Gen-Xers believe we are headed for an inevitable financial crisis in the near future. “For this reason, many are paying down their mortgages to reduce payments and guard against possible foreclosure in a downturn,” said one industry expert.
Read More »Credit Score Competition Act Reintroduced
The Credit Score Competition Act, which seeks to force giants Fannie Mae and Freddie Mac to use alternative scoring when evaluating home mortgage purchases, was reintroduced by U.S. Reps. Royce, Sinema, and Sewell.
Read More »Why Are Mortgage Delinquencies Spiking Among Older Americans?
After the age of 60, older Americans are reporting a rise in mortgage delinquencies. What factors are contributing to this increase?
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