If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Because good rates don’t do any good when no one can qualify, Fannie Mae is relaxing underwriting standards to make it easier for homeowners to refinance (h/t Mortgage Insider). They’ll be loosening credit, appraisal and income requirements in [...]
“Credit is a system whereby a person who can’t pay gets another person who can’t pay to guarantee that he can pay.” – Charles Dickens
In this current economy where foreclosures, unemployment, bankruptcies and consumer credit defaults are reaching epic levels, are credit scores irrelevant?
A credit score is a numerical expression based on a statistical analysis [...]
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