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credit score: Tightening Subprime Standards - 03/05/07 06:50 PM
Mortgage lenders are really starting to tighten their standards in the subprime lending area. The subprime customer is one with poor credit history, low equity, those who need to state their income or assets and especially those who want to go to 95% of the value or higher. This represents approximately 15% of potential borrowers.
The reason for the tightening standards: many subprime lenders have gone down in flames in the past few months, due to approving borrowers who ended up defaulting on thier loans. Or, they end up with borrowers who are in "early payment default," meaning that they have … (3 comments)
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credit score: Tips for Improving your Credit Score - 02/07/07 04:32 PM
In my monthly newsletter that I send to my clients, my featured article this month is on how to improve your credit score. This is an important issue to me, because I don't feel that there is enough information and education out there when it comes to understanding your credit and what you need to do to keep your score as high as possible. Besides the tips below, I also work with a credit company that provides me with some great tools, such as a Credit Simulator program; I can plug in possible changes to your credit, such as lowering the balance … (46 comments)
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Julia Rogers Segovia
Capitola,
CA
More about me…
Wells Fargo Home Mortgage
Address: 2265 41st Avenue, Capitola, CA, 95010
Office Phone: (831) 465-4003
Cell Phone: (831) 419-1195
Email Me
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